“Inevitable vs. Amendable” Essay Example for Free

Inevitable vs. Amendable EssayThe film Inequality for All tries to explain what is the current spot of the distribution of wealth and that of income equality? Why this is happening and if this is a problem. Yes, as stated in the film, social inequality is inevitable. But, there is without a doubt a problem with United States distribution of wealth. One of the facts that really opened my eyes was the fact that the 400 richest Americans, together hold more wealth than the poorest 150 one million million million Americans have together. This said, it is scary to think about how obscure was the knowledge we had on the one percent with given how much economic influence they have. The minimum fight vs. growth of productivity graph is one that I found very interesting. Why is just in todays society to be function a more productive workforce that gets paid less than the workforce we had a few decades ago? The line graph for productivity growth is insurrection every year, meaning th at more work is being done. On the other hand, the minimum wages growth rates were rising but after a while they seem to have plateau and they have been kindred this for about 30 years.Advances in globalization and technology are also inevitable because it is elemental economics that a product shall be produced in the cheapest way possible. Yes, technology does create jobs but as we see in the film companies like virago are also opting to operate with high tech machinery instead of the traditional assembly line. Women going to work, general workforce working for longer hours and borrowing gold from the financial sectors are coping mechanisms that the middle class used to keep up with their good lifestyles, but in my opinion these are more like defense mechanisms in order to survive in the concrete jungle with the same wages they had 30 years ago. One other comparison that I liked was how the widening inequality leads to a deficiency cycle and when the wealth is equally distribute d economic stability is transfused from sector to sector creating a domino power leading to a virtuous cycle.