The Growth of Economic Inequalities in the USA

A new year is upon us, and there are numerous stories of economic recovery across the world.  However beyond basic growth rates, there is another measure which often reflects more about people’s day to day lives.  I’m referring to wealth inequality and in the USA, it often feels more like the great depression rather than a booming new decade.

The depression of course took place in the 1920s and in those times, as usual the wealthy were pretty much shielded from the worse effects.  In fact during that decade, the wealthiest 10% of the population owned about 84% of the total wealth.  The situation evened out over the next few decades with that figure declining before starting to rise again in the 1980s.  However we’re now reaching levels that are very similar to those of the 1920s with the majority of US wealth held by a small proportion of it’s citizens.

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The statistics are now more accurate so in some senses a direct comparison is not always completely relevant.   However the overall result is the same, the level of wealth inequality in the US is extremely high and only heading in one direction.  You can see some aspects if you watch news and documentaries on the local media.  It’s certainly interesting to view the different perspectives – for US readers try watching the local news from the UK – you can use this, or vice versa for European readers.

Fortunately when these inequalities are combined with a growing economy, the effects seem less severe.  The US is doing pretty well, with unemployment heading to a new 6 year low and the job market consistently expanding.  However when you realise that the richest 0.1 % control as much wealth  as the poorest 90% you realise this is not a fair and equal society.

The rich are in fact getting even richer, while the poorer sections of society are increasingly stepping into levels of significant debt in order to simply survive.  Real incomes are growing, but at a much higher rate for the wealthy than the poorer levels.  In fact with under 1% income growth, it’s not getting much easier for those at the wrong end of the income ladder.

Of course capitalism has always produced such inequalities, but the argument goes that the growth in income actually is down to new businesses and opportunities for all.  However the studies suggest that the growth in wealth is not coming largely from entrepreneurial spirit but merely reflects the fact that the wealth is held in shares and bonds which naturally are worth more as the economy recovers.  Unfortunately this is unlikely to help bring many benefits to society at large, it will just make the rich, well richer!

 Further Reading.

More and more people are using social media

People become interested once they hear the word online. This goes for both young and old people and has huge impact on modern society. It makes them think about entertainment, giving them a feeling of being a tecnology advanced person that fits into the modern society. Yes, internet talks about technology and how it has changed the world today. Services such as Pinterest, Instragram, Hegn and Flickr have made it easy to share your pictures, with your friends or the rest of the world. Facebook and Twitter has made it much easier to follow certain people, and get their latest status updates. The arrival of internet is the primary reason why social Medias are introduced. The use of social medias have been acquired by many people today, especially those who have businesses online. Also, there are companies do have websites that simply introduces them through the use of social Medias. Whereas, operating business offline, they also operated business online just to spread their services and offers. This will give them a chance to get customers. This will also result to have increasing customers. So, this is the reason why people appreciated the use of social Medias. Another thing, they use of social Medias to introduce their products and services without any sweat. In comparison to the traditional ways of business promotion like advertisement on televisions, radios and even pamphlets, social Medias compete with these promotional methods.

The use of social Medias plays a big role for online marketing. There are several of very effective SEO strategies and tools about online marketing. Most of these tools when used properly would create your desired amount of website traffic especially if used in combination. The use of social Medias is one of the better sources of massive website traffic that you are able to use. The use of social Medias and social networking site already has a captured market. The advancement of the use of social Medias in partnership with other online marketing tools has also seen huge increase over the last few years. Services such as Hegn and ITT have been spammed to death by people wanting to take advantages of this service to promote their business. Once you browse online, you can get different kind of social media marketing. Making videos, building websites, using HTML and some other tools are parts of social Medias. With the use of social Medias, you are able to pinpoint and identify your target up to the minute’s detail and you are able to pattern your as strategy. The rest would be easy once you have generated a specialized ad. The use of social Medias has been acquired by many people today.

You can also place your ad on the social media site with the use of parameters you just set up. You can directly hit your exact target instead of casually placing your ad anywhere hoping that anyone may take an interest onto it and click. With regards on the power of social marketing platforms, businesses are clueless. Just like any other SEO program, you still need to have an organized planning and to set up objectives and goals so that you can control if you make progress or not. Locate your target audience; this must be the first thing that is required of you. You must study them and try to understand their behaviors. You must comprehend why they do the things they do, dislikes, likes, their preferences and other info that can help you come up with a strategy just how to present your ad. This made people appreciated the use of social Medias.

Source:
DTV Transition
WEB: http://www.dtvtransition.org/oversigt-hegn-og-porte/