Income Inequalities in the United States Research Paper

Income Inequalities in the United States - Research Paper Example Economists posit that if the wealth from the middle class is transferred consistently to corporate elites, the concentration of wealth, as a consequence, will be solely enjoyed by the 1% households of the bourgeoisie (Allen, 2012). Nowadays, income inequality inexperienced by gender, race, outsourcing industry, disruption of income, by core competencies, and these issues can be holistically understood using the tool of value chain analysis. On gender-based income disparity, Kirk (2012) barred that American just earn a fraction of men in every state. The worst income inequality is in Utah where a working woman earns 55 cents for every dollar earned by a man. This is succeeded closely by Wyoming where women earn 56 cents, Louisiana at 59 cents, North Dakota at 62 cents and in Michigan at 62 cents (Kirk, 2012). There is relative gender-based income equality in the state of Hawaii, Florida, Nevada, Maryland, and North Carolina where women earn about three-fourths of what men received as salary (Kirk, 2012). This somewhat disparages the supposed economic empowerment of women to discrimination and contributed to the income disparity in the country although some thought that there are efforts made to curb this gap in wages (Fairchild, 2012). Experts, however, opined that wages should also be looked at the workers level of education, the time devoted to labor, the experiences they earned that made up their expertise, and the na ture of jobs taken. That gap is still felt among highly educated workforces.... It bar discrimination at work and promote equality in workplaces but advocates argued the need to pass more legislations ensure effective enforcement of these policies. However, Weller and Ajinky (2012) however still pointed that the blacks are still paid less than white and that economic insecurity is more felt by Afro-American, the race who rose up historically from slavery. Weller and Ajinky (2012) reported that as of the last quarter of 2011, median weekly earnings for African Americans were $617 while Latinos earned $549 in comparison to whites that earned $774. They also noted the rapid increase African workers with salaries below the average rate. A good statistics of population depicted high figures of blacks that are unemployed. There were about 88.9 % unemployed Afro-Americans and using the inflation-adjusted median income, they dropped their income by 7.1% from 2007-2009 (Weller, Ajinkya, & Farrel, 2012). This correlates to their rate of poverty at 24.2 % higher than Asian immigrants, Latinos and of whites (Weller, Ajinkya, & Farrel, 2012). But all these are contextualized within the development of a complex liberalized economy where the outsourced industry thrived well. The advancement of communication technology also permeated corporations to opt for skilled human resources that could work on domestic needs via online tools. The latter has been put to question because the employment opportunity is being offered externally to emerging nations and therefore, sort of cracked to the domestic populace without work. But the outsourcing industry is significantly in context to business strategies that aimed at a globalized operation