This study analyzed in the aspects and causes of economic inequality and poverty in American society. According to this study, the levels of economic inequality and poverty in recent American society was the highest among advanced countries within OEC...
This study analyzed in the aspects and causes of economic inequality and poverty in American society. According to this study, the levels of economic inequality and poverty in recent American society was the highest among advanced countries within OECD and was more and more higher after 1980s. This paper pointed out the change of industrial structure, the deregulation of labor markets, the weakening of management norms that regulated personal income maximizing strategies, the expanding of wealth inequality and the financial capitalism reinforcement, the reduction of welfare policies for reducing poverty, and the decline of unionization rates with the causes of economic inequality and poverty in recent American society.