Question

Discuss thought processes related to inequality nd hard work

Answer 1

• One of the basic tenets of our society is this:If you work hard, you’ll be able to earn a living.People often equate working hard with wealth. If you aren’t rich, you just haven’t worked hard enough.
• Those in the middle class who insist that tax breaks for the rich will benefit everyone often have high-flown ideas that, since they are awesome and they work hard, they “deserve” to be rich eventually, and they will finally be blessed with worldly wealth.
• The unfortunate reality is that hard work doesn’t mean that you’ll end up with more money. Some of the hardest-working people I know are those with two jobs, who can barely make ends meet.
• You can be productive as you want, but anyone starting out in a certain socio-economic situation is likely to stay there, even with a great deal of hard work. This largely has to do with income inequality around the world right now.
• So, even though worker productivity has been increasing, the people doing the actual work aren’t seeing the benefits. Part of the reason for this is the way the wealthy make their money. Many of those at the top of the socio-economic scale make their money off of money. They aren’t actually earning wages. And that’s why a large portion of the wealth created in goes to those already at the top.
• Continued income inequality isn’t just about the fact that your hard work probably isn’t going to mean more wealth for you. Part of the issue is that opportunity often accompanies wealth.
• I’m aware that I had opportunities, growing up middle class, that someone growing up poor probably doesn’t even know about. Access to education, ideas, and opportunities all accompany wealth. The wealthier you already are, the better your chances to maintain that wealth or improve it.
• Social mobility has all but disappeared, so no matter how hard you work, chances are that it isn’t going to result in long-term wealth. And as long as you are content with “enough,” that really isn’t a problem. The depressing thing is that you can work very, very hard and still find yourself barely able to get by.Thats the harsh reality we are all living now.