Thursday, July 5, 2007

Summary and Response of "Why the Rich Are Getting Richer"

Throughout this article Robert Reich talks about the growing gap between the upper half of society and the lower half of society. Reich uses a metaphor to explain how the economy is going down and up for the rich and the poor. He says it a boat we’re all in and that one is sinking rapidly, one is sinking slowly, and that one is rising. Here it’s talking about the lower class, middle class and upper class. The lower class keeps getting poorer because of job loss due to more automation and competition from other countries that are willing to work for less money. The middle class is kind of staying where they are, but are still slowly going down economically. This is because of machinery that is replacing workers, lower salaries because of the increased social security the government is taking out for the retired, and competition from immigrants who are looking for a job. The upper class is doing well and rising above everyone else because they are the ones who are thinking and selling their ideas to foreign countries who couldn’t think of them on their own. The upper class consists of engineers and architects who are in charge of designing and building the major structures for transportation and living. It is because of this that they are earning greater salaries and getting richer than the middle and lower classes. Reich talks about how there were things designed to keep the lower class’ salaries from dipping too low. But this was put into place only so they were able to continue buying the goods. Either way, the rich are still getting richer and the poor, poorer.
This article is entirely true. There is a growing gap between the rich and the poor and it is becoming more visible as the years pass. The rich are getting richer because they are the ones taking over all the lower paying jobs and doing what they want with them. Usually they fire all the workers and put in automatic machinery that is more efficient and cost less. There has also been an increase in immigrants over the past decade and it’s still rising today. They come over and then need to find jobs so they can support themselves and their families. This is why there is a loss of jobs among Americans. If the economy keeps up with this downhill slide there will soon be people in extreme poverty and people who are filthy rich. And many of the rich people will refuse to help the poor, even if they are more than capable of doing so.

1 comment:

Anonymous said...

Love this