Frank Levy

The New Dollars and Dreams and Income Inequality

Since the 1970s income inequality in the United States has grown significantly. In The New Dollars and Dreams, Frank Levy argues that this widening gap among Americans has occurred for several reasons. All together, Levy presents four powerful arguments that help guide his reader to a deeper understanding of our current economic income situation. These arguments are centered on skill bias in current markets, restructuring of firms and businesses, market structures and distribution of earnings, geographical changes in income distribution and their affect on the nature of income inequality and, finally, the current state of American welfare institutions (Levy 5). Ultimately, Levy feels that the government can do a better job of providing equal opportunity for all members of society and protecting individuals who are victims of economic change.
First of all, it is important to recognize that our current economy has a much l...