Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please read the following articles and offer a response in terms of personal experience and what you have learned in this course thus far. http://www.theatlantic.com/magazine/archive/2009/07/home-economics/7490/

Please read the following articles and offer a response in terms of personal experience and what you have learned in this course thus far. http://www.theatlantic.com/magazine/archive/2009/07/home-economics/7490/

I recognize the above Atlantic article is now several years old but for many of us, the reality of the 'Great Recession' lingers on. Adjusted for inflation, the income of the top 1 percent rose 31 percent from 2009 to 2012, but the real income of the bottom 40 percent actually fell 6 percent. So I expect this article will have relevance for many in class.

Below is a link to an article that appeared in the New York Times early in 2014 that further illustrates this divide. The post-recession reality is that the customer base for businesses that appeal to the middle class is shrinking as the top tier pulls even further away.

http://www.nytimes.com/2014/02/03/business/the-middle- class-is- steadily- eroding-just- ask-the- business-world.html?_r=0

More recently (Sept 2016), an article that highlights how uneven the recently described "rebounding economy" has been experienced by many Americans: "While the economy finally is moving in the right direction, the real incomes of most American households still are smaller than in the late 1990s". The recent "surprise" result of the 2016 Presidential election is undoubtedly tied to the perception of many voters that they have been forgotten and are being left behind.

http://www.nytimes.com/2016/09/15/business/economy/census-poverty- income- donald-trump.html

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

538453257, 978-0538453257

More Books

Students also viewed these Economics questions

Question

3. Im trying to point out what we need to do to make this happen

Answered: 1 week ago

Question

1. I try to create an image of the message

Answered: 1 week ago