Inequnlity eatio Due De this discussion using concise and complete sentences. Be
ID: 1121488 • Letter: I
Question
Inequnlity eatio Due De this discussion using concise and complete sentences. Be answer your quostions on a separate sheet of paper (do not following these instructions. A copy of this video of Rosenberg Library under the title of the video for Econ 1 and Econ 3 classes. cember 11, In order to get credit for this exercise woek. Late class exercises ww nor be you must attend class either questions about the movie. Most answers will be short accepted. Watch the video "Inequality for AIr. Anvwwer th or Friday of sure to number the question All answers must be neatly written or typed you are answering. Please be sure to not attach this question page). Penalties wi result for is available for viewing at the Media Center on the foor 3 1. Robert Reich says, "The question is not inequality per se: the question is, when does inequality become a problem?" In your own words, when do you think inequality becomes a problem? Pick two of the solutions Reich mentions and discuss whether you think these would work or are adequate. a. Making work pay Raise the minimum wage or require employers to pay a living wage b. Strengthening workers voices Support efforts to unionize workers. c. Investing in education Increase state support for public universities so tuition is reduced to the affordable levels of the 1950's and 1960's (typically $O-$500 per semester). Provide early childhood education and ensure that all K-12 schools offer world-class education regardless of their students' family d. Getting big money out of politics Enact campaign finance reforms that would place caps on campaign donation amounts and disallow corporations to take tax deductions for the cost of lobbyists. What are people or organizations in your community currently doing to address these issues or policies? Reform Wall Street Cap executive pay and resurrect the Glass-Steagall Act. Fixing the Tax System e. Institute the so-called "Buffett Rule" so that those who earn over $1 million annually (even from capital gains) pay at least the same tax rate as middle class families. 2. Why does Reich claim that the middle class- not the wealthy are the true "job creators"? You may use 3. What are the parallels between 1929 and 2007 drawn in the video in terms of income distribution and 4. Reich refers to the policies in place from 1947-1977. What were the defining economic factors of these 5. How has the average American worker coped with flat wages since the 1980's and how has the middle f. What other solutions would you suggest? the explanation of Nick Hanauer, the owner of the pillow manufacturing firm, here the stability of the economy? prosperous years? Name at least one of them in your answer. class managed to keep up their spending during the past three decades? Three of them are mentioned socialist," "Marxist, or "communist. Why do you suppose they use these particular labels? Do you think these labels apply to Robert Reich? in the video. Name at least two of them in your answer Opponents have tried to discredit Robert Reich and people who support his ideas by labeling themExplanation / Answer
ans 1=The following solutions would be effective in reducing inequality-
option c)Attending college has far-reaching & measurable private & national advantages, such as higher compensations, better health, enhanced volunteerism, & lower reliance on welfare & such other social support schemes. Currently, higher education supporters have tried to better articulate these advantages & the associated requirements for persons & society to increase investments in higher education. Yet , gaining access to as well as success within higher education stays unequal.
option e)Roaring CEO pay contributes to inequality in income distribution, and also harms firms. CEO pay systems propelled the irresponsible bonus ethos that drove the 2008 economic collapse. Corporate governance specialists understand that huge pay disparities are bad for corporate performance & hamper morale within companies