Question

What are the two major forces that Dr. Reich suggests that created so much income inequality...

What are the two major forces that Dr. Reich suggests that created so much income inequality from 1979 until now? ( You will need to watch the Reich video all the way to answer both queations 1 and 2.

Homework Answers

Answer #1

Answer: the two major forces that Dr. Reich suggests that created so much income inequality from 1979 until now are:

  • · the 1 % richest population of America holding 9 % of the income which has now increased to one quarter of the total income of economy means 10% people have 90% of the income of economy while rest of the 90% have only 10% income of the economy. it has increased the inequality many fold.
  • the middle class which is not so efficient to keep economy growing as the power purchasing power of middle class has been reducing while the number of middle class people is increasing which is also one of the major reasons of inequality
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. What do you think is more important to focus on when considering inequality: income inequality...
1. What do you think is more important to focus on when considering inequality: income inequality or wealth inequality? 2. Explain how you would create a government program that would give and incentive for labor to increase hours and keep labor from falling into the poverty trap? Please help! Due tonight at 11:59 (:
3. 1324 Dr. Lyon plays a tuba such that the sound level is 48 dB at...
3. 1324 Dr. Lyon plays a tuba such that the sound level is 48 dB at a distance of 5 m from himself. Dr. Ryder plays another tuba such that sound level is 57 dB at a distance of 5 m from him.        Part Description Answer Save Status A. What is the sound level at 5 m when both Dr. Lyon and Dr. Ryder play their tubas together? (±0.2 dB) 7.86 pts.110% 2% try penalty Bonus hint Hints: 1,0...
1. The income share of the top 1%in the United States from 2005 to 2012 was:...
1. The income share of the top 1%in the United States from 2005 to 2012 was: Substantially higher than at any time in the previous 90 years Less than the peak levels reached during the Reagan administration (1982-1988)        Similar to the peak levels reached in the years just prior to the Great Depression (1925-1929) Reduced slightly from the average level attained during the Clinton administration       (1993-2000) 2. What happened to the gap between productivity and hourly compensation between 1948 and 2015?...
There’s only so much one man (or woman) can do, but no limit to what two...
There’s only so much one man (or woman) can do, but no limit to what two can accomplish Explain how this concept could help you to consider that maybe God placed the people around us there for a purpose. If we choose to behave in a way that is not glorifying to God, how could it negatively impact our lives, possibly more than we could ever imagine?
Please answer this with as much detail as possible so I can better understand it. Thank...
Please answer this with as much detail as possible so I can better understand it. Thank you in advance! A university student is writing a multiple-choice test with 20 questions. Each question on the test has 4 choices for an answer, one of which is the correct one. To pass the test, the student must get at least 50% of the answers correct. The student has absolutely no idea what any of the correct answers are, and so guesses on...
Why is the identification of favorable and unfavorable variances so important to a company? How can...
Why is the identification of favorable and unfavorable variances so important to a company? How can the identification of the variances help management control costs? Please explain. As you are considering the flexible budgeting topic of the week, it is important for you to look at this analysis as a significant contribution to the management of the company. Knowing what the bottom line profit or loss is important. But what is more important is to understand how your actual results...
1.) We are going to play baseball. But, to make sure there aren’t any extra forces...
1.) We are going to play baseball. But, to make sure there aren’t any extra forces in the way, we will be playing in space (so there isn’t gravity, and there isn’t air resistance). When we play, we will separate the pitch of the ball and what happens after into four segments: 1. The ball is in the pitcher’s hand, and being thrown from rest until it leaves the pitcher’s hand 2.The ball is on the way from the pitcher...
[1] Discuss the growing income inequality in the U.S. and the world with someone mature enough...
[1] Discuss the growing income inequality in the U.S. and the world with someone mature enough to have some perspective from experience about it. Ask them what they think about the widening gap between the rich and the rest of us in America, as our course materials speak of this problem. How has the economic trend for middle class Americans affected them? How as it affected you? [2] Two examples of the marketization of society today that Sandel discusses are...
[1] Discuss the growing income inequality in the U.S. and the world with someone mature enough...
[1] Discuss the growing income inequality in the U.S. and the world with someone mature enough to have some perspective from experience about it. Ask them what they think about the widening gap between the rich and the rest of us in America, as our course materials speak of this problem. How has the economic trend for middle class Americans affected them? How as it affected you? [2] Two examples of the marketization of society today that Sandel discusses are...
1. Given that Dr. Bleu appears to have been killed by an inhibitor to XYZase, there...
1. Given that Dr. Bleu appears to have been killed by an inhibitor to XYZase, there is now sufficient cause to search the labs of Drs. Greene, Ploum, and Mustard so that you can recover and test samples of the compounds they are each developing. You interview each suspect and learn that XYZase is a 547 kDa protein with an N-terminal regulatory domain and a large C-terminal catalytic domain that contains the enzyme’s active site. Each suspect also describes how...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT