The American Dream

7 Pages 1805 Words

to increase competition. When businessmen compete in the same market, it creates increased “pressure” towards the direction of expansion. On the contrary, as opportunity cost raises so do options and possibilities for competition. When rates increase, “pressures” begin to operate against profits. Macroeconomic reforms should translate into a more efficient delivery of public services, equity, social welfare, and social security. This would give the public community a fair allocation of the benefits that are provided.
The Economic Policy Institute (EPI) has released its findings on American living standards. This report began in the late-1970's and was issued every year thereafter. The EPI's report contends that Americans are working more for less money because of slow growth in wages (since 1989). According to the report, a poll was taken on the wages of men in the bottom 80%. Findings show that there has been a decline since 1989. The report also contends that 20% of women have experienced a decline in wages the 1980's, a period in which wages fell but family income increased because of longer hours at work and increased participation of women in the workforce. Critics assert that the report wrongly focuses on declining wages as a gauge to the income of the ...