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Essay / Research Paper Abstract
This 4-page paper discusses two economic imbalances, one involving widening wage gaps, the other dealing with the widening trade deficit. Bibliography lists 2 sources.
Page Count:
4 pages (~225 words per page)
File: D0_MTecoimb.rtf
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Unformatted sample text from the term paper:
exactly, the student has learned in the class, weve gone ahead to select our own economic imbalances. The two well be reviewing in this paper are the growing wage gap
between rich and poor and the imbalance that the current budget deficit is creating. Back in 2001, Carol Casey reported that it
was a fallacy to assume that the "booming economy benefited all" (Casey, 2001). She pointed out that according to a group of Maryland researchers, as well as other experts, that
the gap between the "haves" and the "have nots" in terms of wages is ever increasing (Casey, 2001). During the past 30 years, according to the University of Marylands College
of Behavioral and Social Sciences, rises in income and wage inequality since the 1970s has been a huge U.S. economic trend (Casey, 2001). The Institute for Policy Studies, points out
that while corporate profits rose 118 percent since 1980 (and corresponding pay to CEOs increased 535 percent), minimum wage fell 15 percent between 1980 and 1997 (adjusting for inflation), while
the average hourly wage actually declined by 3 percent (Casey, 2001). It was not uncommon, during the 1990s, in the midst of the "huge peacetime economic expansion," to find overcrowded
homeless shelters, families working more than one job and millions living without health insurance (which continues to this day) (Casey, 2001). Its interesting to note, as well, that those U.S.
states with the largest increase in income inequality between 1970 and 1990 also saw the largest drop in voting during the same period - meaning that this particular group tends
to be apathetic (Casey, 2001). Healthcare has also suffered from wage inequality and economic imbalance as well - many Americans, for
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