America faces income inequality, political polarization, and dysfunctional governance.

Rose Prince

2018-05-17 07:41:00 Thu ET

Has America become a democratic free land of crumbling infrastructure, galloping income inequality, bitter political polarization, and dysfunctional governance? Key measures of American public engagement, satisfaction, and confidence are near historic low rates. These measures encompass voter turnout, general knowledge of socioeconomic public policy issues, and individual respect for basic government institutions.

U.S. infrastructure needs a comprehensive upgrade as income inequality soars in America. After some adjustment for U.S. CPI core inflation, the middle-class wages have been nearly frozen over the past 4 decades in America, whereas, the top 1% upper-class income triples over the same time frame.

Family stock ownership concentration also exacerbates U.S. economic inequality in comparison to OECD standards. The government bails out banks and millions of Americans lose their homes and jobs in the recent decade during the subprime mortgage crisis from 2008 to 2009.

The gradual economic recovery produces pecuniary fruits exclusively for the rich. In stark contrast, the bottom 99% population experiences an income uptick of less than half of 1%. Only the American democracy that discards its major mission of holding the social community together would produce these inadvertent results and consequences.

In a positive light, however, there are more socioeconomic opportunities available nowadays for women, non-whites, and other minorities. Technological advances and miracles happen in U.S. labs, world-class universities, and tech startups that specialize in robotic automation, medical diagnosis and treatment, data analysis and visualization, or artificial intelligence.

Despite this positive progress, the U.S. meritocratic class continues to master the old trick of passing socioeconomic advantages and privileges from one generation to the next. The resultant hereditary elite income and wealth concentration harms social mobility to the harsh detriment of many minorities and immigrants in America. Greater social mobility requires a reasonable reversal of fortune via progressive capital taxation, inclusive education, universal healthcare, ubiquitous employment, social security, and less crony capitalism (such as family ownership concentration).

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More

Federal Reserve raises the interest rate again in mid-2018 in response to 2% inflation and wage growth.

John Fourier

2018-07-09 09:39:00 Monday ET

Federal Reserve raises the interest rate again in mid-2018 in response to 2% inflation and wage growth.

The Federal Reserve raises the interest rate again in mid-2018 in response to 2% inflation and wage growth. The current neutral interest rate hike neither b

+See More

Dr Karl Ulrich explains that many elite universities now provide massive open online courses (MOOCs) for lifelong learners to achieve their medium-term goals for better intellectual focus, immersion, personal growth, and self-improvement.

Charlene Vos

2025-08-09 11:31:00 Saturday ET

Dr Karl Ulrich explains that many elite universities now provide massive open online courses (MOOCs) for lifelong learners to achieve their medium-term goals for better intellectual focus, immersion, personal growth, and self-improvement.

Wharton e-commerce entrepreneurship professor Dr Karl Ulrich explains that many top-notch universities now provide massive open online courses (MOOCs) for m

+See More

Most agile lean enterprises often choose to cut costs strategically to make their respective business models fit for growth.

Daphne Basel

2020-10-27 07:43:00 Tuesday ET

Most agile lean enterprises often choose to cut costs strategically to make their respective business models fit for growth.

Most agile lean enterprises often choose to cut costs strategically to make their respective business models fit for growth. Vinay Couto, John Plansky,

+See More

Calomiris and Haber delve into the comparative analysis of bank crises and politics in America, Britain, Canada, Mexico, and Brazil.

Dan Rochefort

2023-04-14 13:32:00 Friday ET

Calomiris and Haber delve into the comparative analysis of bank crises and politics in America, Britain, Canada, Mexico, and Brazil.

Calomiris and Haber delve into the comparative analysis of bank crises and politics in America, Britain, Canada, Mexico, and Brazil. Charles Calomiris an

+See More

Agile business firms beat the odds by building faster institutional reflexes to anticipate plausible economic scenarios.

Fiona Sydney

2020-09-03 10:26:00 Thursday ET

Agile business firms beat the odds by building faster institutional reflexes to anticipate plausible economic scenarios.

Agile business firms beat the odds by building faster institutional reflexes to anticipate plausible economic scenarios. Christopher Worley, Thomas Willi

+See More

What are the primary pros and cons of free trade or fair trade in the current Sino-American quagmire?

Jonah Whanau

2018-05-02 06:32:00 Wednesday ET

What are the primary pros and cons of free trade or fair trade in the current Sino-American quagmire?

What are the primary pros and cons of free trade or fair trade in the current Sino-American quagmire? Free trade means allowing goods and services to move a

+See More