What is national inequality?
Sometimes it refers to inequality between the nations of the globe, and at other times to inequality within nations. Yet such an expression should clearly relate to the whole human population as a single community – rich Americans, poor Ethiopians or middle-class Brazilians alike.
What is the theme of inequality for all?
Inequality for All is a 2013 documentary film directed by Jacob Kornbluth and narrated by American economist, author and professor Robert Reich. Based on Reich’s 2010 book Aftershock: The Next Economy and America’s Future, the film examines widening income inequality in the United States.
What role do large corporations play in income inequality?
As companies have grown, so has the income inequality within them. And as more people are employed by those companies, a greater percentage of people are also affected. Part of the growing disparity in wages could be because executives at larger firms have more responsibilities than the CEO of a small startup.
What does Robert Reich believe?
Reich is pro-union, saying: “Unionization is not just good for workers in unions, unionization is very, very important for the economy overall, and would create broad benefits for the United States.” He also favors raising the federal minimum wage to $15/hr across three years, believing that it will not adversely …
How does inequality affect the economy?
A number of economists have argued that inequality leads to economic instability. One mechanism by which this happens is that the rich consume a smaller proportion of their income than the poor. They save money which people on lower incomes would spend.
How do corporations cause inequality?
Corporations are contributing to inequality on two fronts. On the one hand, they’re systematically depressing incomes for average Americans, via everything from outsourcing to pension cuts. On the other, they’re just as systematically stuffing the pockets of America’s executive class.
How does inequality affect the business?
In sum, high levels of economic inequality affect human development in a society, particularly health, crime and education. These in turn affect organizational performance either via lower productivity of employees or higher costs to raise the levels of health, security and skill levels.
How do we measure inequality?
Gini index It is the most widely cited measure of inequality; it measures the extent to which the distribution within an economy deviates from a perfectly equal distribution. The index is computed as the ratio of the area between the two curves (Lorenz curve and 45-degree line) to the area beneath the 45-degree line.
Is inequality for all a good documentary?
Inequality for All is intelligent, persuasive and accessible, a gentle but urgent clarion call to action. October 31, 2013 | Rating: 3.5/4 | Full Review… [Robert Reich] headlines this documentary in which he explains his views about the United States’ current economic woes. It’s something he manages to do engagingly and with great clarity.
Where does America rank on the global inequality scale?
Instead, you can be left aghast at the jaw-dropping statistics, such as Jon Stewart in a Daily Show clip mocking the fact that the U.S. ranks a lowly 64th on the inequality scale among the world’s nations—only slightly better than the Ivory Coast and Cameroon.
Is inequality a huge problem today?
Inequality is a huge problem today. Whilst it may not seem very obvious to you until you start paying attention to it, it is all around us. The Occupy Wall-Street movement, the Green Party, the various strikes around the world, the fight against Big Corporations, etc. The examples are plenty.
Is inequality inevitable or useful?
Therefore while inequality is inevitable, and may even be useful, it can also become a problem—and it becomes a problem when it creates an unstable economy and threatens the basic nature of democracy.