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Is Socioeconomic Inequality INcreasing In America

Is Socioeconomic Inequality INcreasing In America

Is Socioeconomic Inequality

Increasing in America?

As long as the capitalist economy dominates throughout the world, the debate on socioeconomic inequality will always be a heated one.  Economist Krugman in his debate says that organized labor and the greed of corporations, especially CEO’s lead to a large inequality in America.  Krugman points to Palo Alto, California where a strict contrast in socioeconomic conditions exists.  On the other side of the debate is Mr. Demuth, who says that Americans are wealthier now than they have ever been before and we will continue to get wealthier as a whole.  Krugman uses five points to further his case:  progress of key economic sectors, progress of health—leading to increase in life span, shift of wealth to human capital, gains in women’s rights, and increase in more hours devoted to non-employment activities such as leisure and family activities.

As a whole, our nation has obviously increased its wealth dramatically over the centuries, especially in the last half century.  From the days of meat-packing industry in

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