Posted on by Juan Carlos Rodriguez · 1 Comment

Juan Carlos Rodríguez 5.3

1.        To me something surprising to see was the surplus and just how high it is. French economist says that %166 surplus emerged which means that for every $90 an employee makes, the owner would make $149.40. But let’s bump it up even more that same employee that makes $90 a day and assuming the employee works 5 days a week for a year, that employee would make 23.400 and the owner would make 62,244 minus 23,400 paid to the employee, it leaves the owner with 38,844 profit.

2.        Education inequalities, wealthier parents usually send their children to expensive school and better education, they also live in safe neighborhoods and the students end up getting a better degree due to having the money for college. Others only graduate high school and because they are wealthy due to their parents, they get higher paying jobs. Sometimes it’s their own parents that give their kids a position on their own business and earn more than any student who went to a public school and just starting college.

Posted on by Suhaila Hssayane

Suhaila Hssayane – DB 5.3

  1. The statistic that caught my eye the most was about how those with less wealth struggle to have access to quality education, healthcare, and housing. This then creates a cycle of poverty. Wealthy individuals comparatively have a disproportionate influence on shaping laws and policies that favor their interests rather than the common good. .
  2. Significant wealth gaps cause division among different social classes leads to instability within communities. Public schools in wealthier areas often receive more funding. This results in better facilities and resources compared to schools in poorer neighborhoods and affects children’s opportunities for success. Additionally, people with lower incomes may struggle to afford healthcare. Wealthier individuals can access the best medical services, leading to disparities in health outcomes.
Posted on by Nan Wut Mone

Discussion Board 5.3

  1. Which statistic on wealth inequality in the US (discussed on p. 29) made the biggest impression on you? Explain why?
    A statistic on wealth inequality that often makes a strong impression is the fact that the top 1% of Americans hold a disproportionate share of the nation’s wealth—around 40% or more, depending on the source. This statistic is striking because it highlights the vast disparity between the wealthiest individuals and the rest of the population, illustrating how wealth is concentrated in the hands of a small elite.
    The reason this stands out is that such inequality can have far-reaching consequences for economic mobility, political influence, and access to resources like education and healthcare. It shows how difficult it can be for lower and middle-class individuals to move up the economic ladder when such a large share of wealth is controlled by a tiny fraction of the population.
  2. What could be some of the implications of living in a society that has such huge wealth inequalities? Do you see this dynamic getting played out in everyday life in our society? How so? Example?
    Living in a society with huge wealth inequalities can lead to several significant implications. First, it often results in limited social mobility, where people from lower-income backgrounds struggle to access opportunities such as quality education, healthcare, and stable housing. This perpetuates cycles of poverty and makes it harder for individuals to improve their economic standing. It also leads to political inequality, where the wealthy have more influence over policies and elections, often shaping decisions that benefit their interests while neglecting the needs of the broader population.
    We see this dynamic played out in everyday life. For example, in many cities, there are stark differences between affluent neighborhoods and low-income areas in terms of infrastructure, school quality, and public services. Wealthier areas tend to have better-funded schools, cleaner streets, and more access to healthcare facilities, while poorer neighborhoods often face underfunded schools, limited healthcare access, and higher crime rates.
    One clear example is the housing market. In many cities, skyrocketing real estate prices have pushed low- and middle-income families out of their homes, contributing to gentrification and homelessness. Meanwhile, wealthier individuals or corporations invest in properties, further widening the economic divide. This demonstrates how wealth inequality can manifest in everyday experiences and exacerbate social divides.
Posted on by Ildri Pengu · 1 Comment

Discussion board 5.3

1)I have seen the statistics of the top 1% of Americans is between 40 and 50% of the nations total wealth more combined wealth then 90% of the bottom. This shows how the 1% has the power in hand they run the Country more then anyone.

2) Living in a society with such high wealth inequalities can lead to a lot of negative factors it reduces social mobility increases poverty. This shows how different it is to be rich and poor the poor have to deal with more issues of how to make money and how the rich make more money and have the power in the World

Posted on by Arto Artinian · 3 Comments

Discussion Board 5.3

  1. Which statistic on wealth inequality in the US (discussed on p. 29) made the biggest impression on you? Explain why?
  2. What could be some of the implications of living in a society that has such huge wealth inequalities? Do you see this dynamic getting played out in everyday life in our society? How so? Example?