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Why the Rich Are Getting Richer and the Poor, Poorer

134 views 2 pages ~ 350 words

In entirety, this article is very sensible and true. Across decades, as the years go by, it has become an evidenced phenomena that the gap between the rich and the bad is steadily getting huge. Indeed, the reach is amassing extra wealth because they have the capacity to influence the job market and do something they wish with the available employment opportunities. For instance, the reach is succesful of replacing cheap labor with machines in their industries. Consequently, automation has apparently changed tens of thousands of workers at their respective places of work. Moreover, the wealthy can have more wealth because machines are efficient and fee less in production costs one wonders when the query of what the impact of refugees and the escalating rate of immigrants have done to the American job market. Too many immigrants are destitute, and hence they have willingly taken up jobs at relatively lower pay compared to Americans, hence putting at stake the employment opportunities. Indeed, if this trend continues, then the economy will be characterized by three categories of people; the very wealthy, the desperately poor, and perhaps the struggling middle class. And this answers the author`s metaphor of one sinking ship, one emerging afloat and the other stagnating (Jacobus 454). Eventually, the rich may not be willing to help the poor, and hence the rift would be a significant economic challenge in the country.

On the other hand, this article had both its advantages and disadvantages. It impresses how the author explains the rising disparity in the society, based on the widening gap between the rich and the have-nots. Furthermore, the diction is elaborate across the text. Nevertheless, this article becomes meaningless across different chapters considering that Reich keeps involving unnecessary examples about the contumacious aspects discussed. Moreover, the ending of the piece is very hard and cumbersome to follow, making it such a critical challenge. Finally, the factor of outsourcing is not well supported because of many hypothetical assumptions the author thrives on.

Work Cited

Jacobus, Lee A. A World of Ideas: Essential Readings for College Writers. 10th ed., Bedford/St. Martin's; (November 18, 2016), 2017.

November 11, 2021
Category:

Business

Subject area:

GapAutomation

Number of pages

2

Number of words

350

Downloads:

27

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Rate:

4.8

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