Income inequality, how the gap is getting bigger Term Paper

Income inequality, how the gap is getting bigger - Term Paper Example that the gap between the rich and the poor is the most important economic issue facing the world today and this poses a great danger to social stability as well as democracy. Income inequality is caused by different levels of education, the social status that an individual or group occupy as well as their race and gender. The inequality can lead to severe consequences such as increase in crime, low life expectancy and affects the social bonding. The widening income inequality impacts on social relation creating mistrust, anxiety and competition for status. In the United States, income inequality is measure by the standard method referred to as Gini coefficient. The gap has tremendously increased as seen in the recent past and is said to be highest since the 1920s, the income of the rich one percent rose with a twenty percent whereas that of the remaining ninety nine percent went up by just one percent( Ryscavage, 1999) . Research studies on national wealth showed that the top one percent of the wealth Americans controlled about forty percent of the nation’s wealth (Ryscavage, 1999). Their income increased by about two hundred and seventy five comparing that to just under forty percent increase for the sixty percent middle class earners (Ryscavage, 1999). Unlike in the past when the rich had their income from wealth accumulated from past generation today the rich Americans belong to the working class who are employees paid highly or are entrepreneurs. They have the central believe that you should work tirelessly to make your mon ey, their culture is capitalistic in nature for instance they acknowledge that you might be poor but work and get money. Americans have the widest gap between the rich and the poor than any other advanced economy in the world what is of much more concern is that it does not bother most people, the poor struggle to join the higher class rather than work towards achieving equality. The main goal is to achieve economic growth this is the

The Reald World of Management Assignment Example | Topics and Well Written Essays - 3250 words

The Reald World of Management - Assignment Example The theory ‘X’ has been commented on greatly in the scholarly field in that it assumes that human beings are inherently lazy by default and as such does not like working (Stewart, 2010, p.1-2). The resultant of this in the real world is the devising of control mechanisms and supervisory tools to be used within organizations by the management. The reasoning of the theory is that people work because of coercion or by enticement through material gains without which the persons are determined to avoid working; therefore, the ambition of workers to engage in productive activities is boosted or controlled by enticements. This implies that management within this theory’s framework have to use coercion and threat in order to get work done or have general compliance by the workers. It is therefore concluded that all employees go out for their personal gains and, force or some sort of coercion must be sought in order to realize cooperation by the workers. However, a critica l evaluation of the theorem as is applied within the real life context proves differently in that people vary in the matters of personal drive and motivation; the generalization of this theory is erroneous because not always does workers require being extrinsically motivated. Personal drive and intrusive values go a long way in determining the productivity of individual persons as unlike the proposition by the theory. Moreover, a critical weakness in the explanation of this theory is noted in that it fails to explain the motivators of management personnel, as they are equally persons who would equally illustrate the same traits as other employees. The theory is thus seen as a tool effective in explaining the relationships within... This essay approves that nevertheless of critical concern between the current scholars are the applications of these theories in the real life situation s as they are seen to be highly probable through academics by rather inapplicable when in real life scenarios. This paper has concentrated in the analysis of the management theories as they have been in use through real life application as well as through the academics. This paper makes a conclusion that the theory ‘X’ has been commented on greatly in the scholarly field in that it assumes that human beings are inherently lazy by default and as such does not like working. The resultant of this in the real world is the devising of control mechanisms and supervisory tools to be used within organizations by the management. The theory is taken to imply that employees take pleasure in engaging their physical as well as mental capacities as they carry out duties assigned and as such take work to be as a natural duty. The challenges of bureaucracy in management are studied in theory ‘Z’. The power distance theorem on the other hand was developed to explain the value of cultural relations in management and the employees. The contingency theorem revolves around understanding the spectacular traits of individual leaders that use to motivate and inspire the employees. The effectiveness in applying the theory is thus only evident withi n the academic spheres as against within the corporate working scenarios.