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Economic well-being depends on many factors - income, wealth

Question # 00541206
Subject: Economics
Topic: Microeconomics
Due on: 06/06/2017
Posted On: 06/06/2017 04:34 AM

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Is inequality in the U.S. rising or falling?As we have seen, our economic well-being depends on many factors: income, wealth, pre-or post-tax earnings, family size and whether or not earnings postponed to the future.Consequently, it isn’t surprising that politicians can find data to support nearly any position about whether Americans are getting poorer or richer. In this week’s assignment, you will investigate the use of data by two economists who reach entirely opposite conclusions.Steven Pearlstein, conservative business columnist for the Washington Post, argues that the middle class continues to do well.http://www.washingtonpost.com/wp-dyn/content/article/2007/05/29/AR2007052902001.htmlOn the other hand, Jared Berstein, writing in the liberal The American Prospect magazinemaintains that living standards have slipped for the middle class.http://www.epinet.org/content.cfm/webfeatures_econindicators_income20040826Or:http://prospect.org/article/squeeze-0 Respond to the following key questions:1. What are the strongest arguments presented by each side?2. What are the weakest arguments presented by each side?3. What additional data would you like to have in order to determine who is correct?Your final product will be a paper that:? Addresses each of the four questions above in total.? Is APA fortatted.? The body is to be 2 pages minimum.
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Economic well-being depends on many factors - income, wealth

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