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 obvious in the salary of CEOs opposite the pay of the normal specialist which remained at a proportion of 243: 1 of every 2010 (Stiglitz, 2012, 3). While the best one percent are becoming more extravagant constantly, the poor are getting more unfortunate even as the white collar class keeps on contracting. The issue is grave to such an extent that the white collar class and the poor are headed toward living in neediness and without a security net. Moreover, the degree of disparity is extraordinary to such an extent that monetary weakness 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 instability being high in the U.S., the way of life is, actually, on a decay (14). While a few nations in cluding Brazil have gained ground to overcome any barrier of disparity, the U.S. has done nothing in to turn around the