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Essay / Research Paper Abstract
A 4 page paper discussing an article appearing in The Economist in 2006 discussing the growing disparity of the rich, poor and middle class in America since 2000. Bibliography lists 1 source.
Page Count:
4 pages (~225 words per page)
File: CC6_KSeconUSchng.rtf
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Unformatted sample text from the term paper:
The author of "The rich, the poor and the growing gap between them" (2006) states that one of the hallmarks of the American
psyche is that we tolerate inequality well, that even those at the bottom of the ladder tend to believe that hard work and education eventually will provide access to "the
American dream." In the past it has been those at the bottom of the ladder who have fared worst; both in the past and the present those at the
top have been and continue to be the biggest gainers. The present expansion is different in that it is the middle that now fails to keep pace even with
inflation. Today, "The bottom is no longer falling behind, the top is soaring ahead and the middle is under pressure" (The rich, the poor and the growing gap between
them, 2006; p. 29). The author of the article further states that "the masses" may not tolerate the growing inequalities for much longer,
particularly as they continue to worry about the effects of offshoring and as the housing market - which the author of article credits with preserving the illusion of prosperity -
increasingly fails to be able to maintain the benefits it has brought to the bottom and middle tiers of workers. Questions 2.
The wages of the typical American worker "have risen less than 1% since 2000" (The rich, 2006; p. 1), though they had risen 6 percent during the previous five years.
The author says that taking into account the effects of benefits such as health care makes the differences less dramatic, but the author also fails to state that many
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