Wednesday, April 6, 2016

Why is this issue important to all of us?

Well, income inequality should be, if not already, important to all of us. We as a community should understand what's going on with our economy and not only concerned when it peaks our interest. We are being treated as if we don't need to provide for our families because a minimum wage job is only meant to support yourself. This issue should be important because we can complain about income inequality all day but unless we are really ready for a change, it would be nearly impossible for things to work in our favor. Minimum wage workers shouldn't be able to barely put food on the table because they don't get paid enough. Minimum wage workers shouldn't be able to fight for what's right and still get cheated out of their hours. We need a stronger worker union. We shouldn't be settling because we feel as though if we question or ask for more we can be replaced. We need to fight without the worry of being fired because if we don't who will? How much longer are going to continue to let companies railroad us? Take out insurance policies on workers without their knowledge because they feel they can do as such? IT'S NOT FAIR!


In the Untied States, consumer spending account for approximately 70 percent if economic activity. If consumers don't have adequate purchasing power, businesses have no incentive to expand or hire additional workers. Because the rich spend a smaller proportion of their incomes than the middle class and the poor, it stands to reason that as a larger and larger share of the nation's total income goes to the top, consumer demand is dampened. If the middle class is forced to borrow in order to maintain its standard of living, that dampening may come suddenly-when debt bubbles burst.

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