Declan Peterson, Second source citation

multimodal :

Barone, Emily. “A Look At Income Inequality In The United States” Youtube, uploaded by TIME, 20 Feb 2020,  https://www.youtube.com/watch?v=qc7g6Uhi1i4

This source talks about how income inequality is generally comprised of a few different types of inequality. These would include but are not limited to racial inequality and gender inequality. The video states that women make 80 cents to every dollar that men make and non white people make 78 cents to every dollar that white people make. According to this source income inequality was not always so severe, especially from the 1930s to the 1970s when there were many unionized jobs and salaries for higher position jobs were not as high as they were today. As many of these jobs were replaced by automation, and many unions shrank, salaries for higher jobs and CEOs also grew exponentially contributing to an increase in income inequality. They also state that, at least in the United States, people in the top 1% of the income bracket make and control the same amount of wealth as the bottom 50% of Americans. They go on to say that this property severely stagnates upward mobility, or the ability of the bottom 50% percent to grow their wealth and move up the economic ladder. They provide some possible solutions to this that include access to higher education and access to better healthcare for lower income populations.

This source definitely has value coming from a well established news outlet as well as a professional data and graphics journalist. The source aims to summarize income inequality quickly for people that are not well educated in economics and does a good job at that through simple explanations and easy to understand graphics. I think this source is helpful as an introductory explanation of the topic and can help anyone understand what income inequality is and elp me explain to others what it is, its facets, and how it works. The graphics such as the cars moving along a road help to convey how the economy is constantly moving and how when a group controls an amount of wealth it enables it to control more and more wealth. 

“On a federal level there is no consensus and ultimately closing the gap between rich and poor will require agreement from an increasingly partisan government as well as societal shifts to combat racism and sexism” (Barone, Time 2020) This shows the complexity of the issue and solution required and how people may be reluctant to make changes because they are comfortable where they are.