Main Discussion Question: (At Least one paragraph for this one question)
Is the “American Dream” still attainable? Is it a realistic goal to be pursued in present-day America or has it become an ideology that is out of reach for most people?
Review Review Questions:
Thomas Piketty
What future did Marx predict for capitalism? And, why was he wrong (according to Piketty)?
What is the difference between income and wealth?
What does Piketty predict for the future regarding inequality?
Robert Frank
Why is capping executive pay a bad idea according to Frank?
What strategy does Frank propose to curb extremely high executive pay?
Dennis Gilbert
What do statistics about social mobility in the US show? What could this mean for the “American Dream”?
Read the sources provided (and do some research on your own) and write about your views.
WILL BE ATTACHING THE PDF READINGS BELOW
Inequality in the 21st Century, David B. Grusky and Jasmine Hill
READ – Piketty, Thomas “Capital in the 21st Century”, PAGES. 42 -48
READ – Frank, Robert “Why is Income Inequality Growing?” PAGES.54-57
The American Class Structure in an Age of Growing Inequality, Gilbert, Dennis. Sage Publications, London, 2018
READ – Social Mobility, The Societal Context, PAGES130-138 (PDF)
Consider the graphs, charts, and information provided on the following website:
Income Inequality
Wealth inequality
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Ftse3.mm.bing.net%2Fth%3Fid%3DOIP.U9P8Re-Uvxsw7bHB-DsYDwHaFW%26pid%3DApi&f=1