Summary of America's 1 percent problem Essay Example | Topics and Well Written Essays - 250 words

Rundown of America's 1 percent issue - Essay Example vel of imbalance in the American culture is apparent in the pay of CEOs versus the salary of the normal laborer which remained at a proportion of 243: 1 out of 2010 (Stiglitz, 2012, 3). While the best one percent are becoming more extravagant continuously, the poor are getting more unfortunate even as the white collar class keeps on contracting. The issue is grave to the point that the white collar class and the poor are headed toward living in neediness and without a security net. Besides, the degree of disparity is extraordinary to the point that monetary uncertainty even among laborers is a reality. While numerous individuals accept that the U.S. is a place where there is chances to the degree that neediness is unfamiliar to it, this isn't the situation as per Stiglitz (2012). He takes note of that separated from the degrees of joblessness, neediness, and financial frailty being high in the U.S., the way of life is, truth be told, on a decay (14). While a few nations including Bra zil have made progress to overcome any issues of imbalance, the U.S. has done nothing in to invert the