NEED DISCUSSION BOARD RESPONCE TO THE FOLLOWING ANSWER OF THE LISTED QUESTION.

Question:

Inequality of income is greater in the United States than in other capitalist countries. What do you think explains this? Is there something unjust about extreme inequality?

ANSWER:

Income is more significant in the U.S., but wealth is also. "Economists say the causes of worsening inequality are complex and include a failure to adapt to globalization and technological change, shifting tax policy, reduced bargaining power among workers, and long-standing racial and gender discrimination. The effects of inequality are similarly varied, and they have exacerbated crises such as the pandemic and deepened societal divisions" (Siripurapu, 2022). Lack of education and resources also contribute to the inequality. Imagine colleges were affordable to everyone. Not every household has access to the best education they can receive. In the resource tab of this assignment, there was a chart of the top 1%. Most people in that one percent of society claimed to be managers, lawyers, and in some way in the health industry. What do you need to get those kind of positions? Education. Yes, it is unjust because not everyone is presented with the same opportunities as others. Yes, there is help, but that can also be limited, even at times or depending on where you live. Education is the primary source of economic development.

Reference

Siripurapu, Anshu. (2022, April 20). The U.S. INequality Debate. The U.S. Inequality Debate | Council on Foreign Relations (cfr.org)