The Income Gap

Paper Summary:

The paper discusses the income gap that became glaringly apparent after the hurricane Katrina disaster. The paper examines how living conditions of poor and middle class segments of society are indicators of the health of the economy and its wealth distribution. The paper further discusses how people have accepted that an income gap exists in American society and that these issues need to be addressed. The paper concludes that measures should be taken to narrow the gap if America wants to strengthen its economy.

From the Paper:

"The issue of inequality is well known in the developing world but the question that has been raised time and again is the question of inequality in the United States of America.
If we look at history then we will come to know that the inequality was more defined in the beginning era in United States. The differences between the families living and working for plantations in South as compared to the wealthy household in the Northeast were very clear to the discerning eye."

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