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crimsonpanda996Lv1

28 Sep 2019

Topic - Inequality of wealth and income: causes and consequences

The main question is: Explain some of the main factors contributing to the inequality of income and opportunity in Australia. I would then love to get some inspiration to 2-3 discussion questions regarding it, cause I have to debate/discuss it with the class.

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Darryn D'SouzaLv10

28 Sep 2019

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Hello, could I get some assistance with this question? Thank you.

Read the articles and discuss the problems of Economic Inequality in the U.S.economy, summarize key points and post in the Discussions area:

3) Inequality. On important but irrelevant facts

http://www.economist.com/blogs/freeexchange/2014/01/inequality-0?zid=293&ah=e50f636873b42369614615ba3c16df4a

Here is the article:

Inequality

On important but irrelevant facts

Should we care more about global or national inequality?

Free exchange

Jan 9th, 2014

by R.A. | LONDON

WRITING on Thomas Piketty's new book, Nicolas Goetzmann notes:

I think that Piketty missed something which might be important: Capital is mobile, workers are not, and in the end, we have this: Gini is reducing on a worldwide basis since 2005.

Scott Sumner adds:

I also like Goetzmann's comment about global Gini coefficients. Liberals should care about global welfare. Are they closet nationalists?

These sorts of remarks are common responses to those pointing out that inequality is soaring across the rich world, and they strike me as very problematic.

It is true, of course, that inequality globally has been falling. And it is absolutely right to say that this trend is hugely important and is contributing to a massive rise in global welfare. We should all be ecstatic about it. But in no way does that development excuse us from caring about and worrying about national income inequality, for a few very important reasons.

The first is that it implies, without ever making an actual argument, that efforts to reduce income inequality within rich economies must necessarily slow reductions in global inequality. Why bring up the global statistic unless you are worried that expressions of concern about national inequality are likely to undermine the global trend? Some egalitarian-minded policies might, of course, but many others would not. I'm not sure why someone would want to stake out the position that subsidized pre-school for disadvantaged children is unnecessary, for example, because global inequality is falling.

Second, while we all should care about welfare globally, we should also recognize that the political salience of the issue is exclusively national. To a first approximation, America's Congress does not care in the least about the status of global inequality. There are no sitting congresspersons from Burundi. National inequality, by contrast, is highly politically relevant. Catch-up in the emerging world has a lot to do with innovation and openness in the rich world. If soaring national inequality undermines political support for policies that facilitate innovation and openness, that's a problem for everyone. It's a pretty basic political economy point that globalization will continue while national polities feel that globalization is broadly in their interest. People who like globalization should therefore be very, very concerned when it doesn't appear to be generating broad-based growth in rich countries.

The third is that inequality is growing within emerging markets. One might be inclined to argue that we shouldn't worry too much about that, since rising inequality is a classic side-effect of rapid development which should go away as emerging economies mature. But one of the most important points in Mr. Piketty's book is that the conventional wisdom that development naturally increases and then reduces inequalities is wrong: the data show that there is no systematic tendency for inequality to fall as an economy matures.

And so we should note that the backlash to globalization and development might well come from within emerging markets, and indeed one would have to be fairly cut-off from the news to miss populist expressions of dissatisfaction across the biggest emerging economies over the past couple of years. What's more, Mr. Piketty's work suggests that as the process of catch-up slows inequality trends within countries will begin to dominate inequality trends across countries, leading global inequality to rise once more.

So yes, global inequality has been falling. That is no reason for people of any ideological persuasion to ignore very worrying trends in national distributions of income and wealth.

orangegnu267

c. The historic disparity between unemployment rates for Black, Hispanic, and White workers. i. Please explain 3 reasons the Black and Hispanic unemployment rates are always significantly higher than the unemployment rate for Whites. ii. Discuss 3 things that could be done to correct problem. Please be very thorough with this. iii. Some quick research should provide answers here.

d. The 3 types of unemployment. i. List and explain the 3 types of unemployment that we discussed. Include the characteristics of each. ii. Discuss how each type contributes to growing income and wealth inequality. iii. You would want to list and explain the 3 types. You will find everything on the 2 or 3 slides plus the audio provides additional insight.

whitegnu667

Discussion Board Topic: Do Unskilled Immigrants Hurt the American Economy?

Watch video clip #1: Do Undocumented Immigrants Hurt the Economy....http://www.onenewspage.com/video/20151111/3539199/Do-Undocumented-Immigrants-Hurt-the-Economy-Not-Exactly.htm

Watch the video clip #2: 2016 Presidential Election: Immigration

Question: Based on your assessment and knowledge of this topic (not opinion);

a. List and briefly discuss the issues and biases that exist in this Discussion Board Topic

b. In your assessment briefly state/discuss possible solutions to this ongoing issue debate.

must be a minimum of 150-250 words in length

Instructor's General Narrative:

This week's topic has been at the forefront in the last couple of Presidential elections and of course recent elections and upcoming administration. As you consider this topic, be sure to focus on the question at hand. As a society, we are presented with several issues relating to immigration into the United States. These range from illegal immigrants, impacts of immigrants entering the United States and the impacts on our current economy, insurance costs, etc. This week's clip highlights some compelling arguments and points; all of which must be considered as a policymaker. As in previous weeks, consider the various stakeholders and their position and interest as it pertains to the topic.

You may consider this issue from a local, national, and global perspective. Consider the difficulty in setting policy and establishing laws which target to do what is best. As with most issues, some will benefit, while others benefit less

Challenge:

To actively debate the issue topic by removing personal biases and personal feelings regarding the issue.

Present supporting arguments specific to all sides of the issue topic;

Challenge yourself by presenting and debating the Yes or No side of the issue that you may not personally support.

Refrain from using language such as; I believe and I feel in presenting arguments.