Inequality/College/The American Dream II

Inequality
Name
Institution
Inequality
Both Krugman and McClelland are arguing about inequality that exists in American society today. Krugman in his book explains how bias can negatively impact the society. The middle and lower class citizens are stagnant economically due to poor conditions facing them that are brought by inequality (Coca, 2012). Krugman said that “The United States will never again be as wealthy as it was in the 1950s and ’60s. Never again will 18-year-olds graduate directly from high school to jobs that pay well enough to buy a house and support a family,” (Krugman, 2009, p. 587). On the other hand, McClelland uses the story of two young couples to show how inequality can affect our lives. Despite the two couples having a quality education, they earn less than ordinary employees.
According to McClelland, the middle class is disappearing. This is because, today, one would not get jobs right after graduating from college. Today it requires more education to get that low paying jobs that were done without any knowledge in the past (Coca, 2012). Even with a high level of education, one would not get a better job that would help in sustain family. The above factor is crucial for most people out there who are either in school or just graduated and for me too. The current condition does not encourage us to go to strive in life in the hope of getting a better life in the future. In his book he said that “The fact is that vast, income inequality inevitably brings vast social inequality in its train,” (McClelland, 2013, p.

231).
The above issue affects young citizens who are currently struggling in college. I am sure all who are in college today hope to finish and get good sustaining jobs. Research shows that most college students are studying in support of government loan they are expected to pay later (Coca, 2012). With low paying jobs, it means they will continue struggling to pay for their debt and get basic needs. Children from wealthy families will be advantageous as they have fewer debts. If the issue is not considered, then going to school will be like adding more burden to one’s life.
References
Coca, V. (2012). Income Inequality: Krugman vs. Friedman. SSRN Electronic Journal. doi:
10.2139/ssrn.2093525
Krugman, Paul (2009). “Confronting Inequality,” They Say, I Say with Readings.
2nd Edition.Gerald Graff, et. al. New York: Norton, Print.
McClelland, Edward (2013). “RIP, The Middle Class: 1946-2013.” N.P.