Table of ContentsDestroyers of the American Dream: Is It Dead?The Global Appeal of the American DreamWorks CitedWhen America was established, it was boldly asserted in the Declaration of Independence that without respect to who you are, you have had the opportunity to improve your life by being endowed with the rights to life, liberty, and the pursuit of happiness. The intentions behind these U.S. government rights were not materialistic gain, but an essential driver of a prosperous economy. The American dream was basically the way to achieve a better economic situation than that of your parents. Today, the American dream is dead. Less than a hundred years after its creation, and less than two years if we count the entire population, including people from all walks of life, the American dream has been decimated by economic inequality, a failing education system and continuing gaps between indigenous peoples. , immigrants and multicultural people. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay The Destroyers of the American Dream: Is it Dead? Economic inequality is by far the most formidable attribute to the end of the American dream. Indeed, the economy has generally slowed since the 2009 economic crisis, making it more difficult for each generation to surpass the previous one. A slow economy generates less income, which means there is less money for everyone. Fewer people benefit from newly produced income, meaning class disparities increase every year. This inequality undermines the ability of members of society to realistically access economic mobility, the ability to move from one social class to another. In recent studies by economist Raj Chetty, the transition from lower class to middle class and, more significantly, from middle class to upper class, is getting further and further apart, making it even more difficult the overachievement of generations before them, making the American dream impossible to achieve. inequality accounts for more than seventy percent of mobility decline. Today, only 41% of people in their 30s earn more than their parents did when they were 30 years old. Wage stagnation is another relevant factor when talking about the American dream. People with greater incomes and greater political power are those who have directly triggered wage stagnation by intentionally institutionalizing policy choices, including reduced union density, various business practices, and the abandonment of employment opportunities. full-time job. The upper class continually puts these policies in place for the very reason that it becomes less likely for this economic mobility to occur, thus keeping the money floating in the upper class economy in their hands and not others. A good method for considering the role of inequality in the American economy is to understand that the modern economy is statistically more productive than it was forty years ago, even though economic growth is slower than it was not forty years ago; However, this increase has the potential to enable more than half of the population to live better than their parents, but this is not possible because the available growth has been disproportionately returned to the upper class, keeping the poor poor and the rich rich. representing the dead American dream. Education was touted as the hallmark of achieving the American dream. Income and job security are directly linked to acquired knowledgeschools. This is no longer the case. In recent years, the United States has prided itself on its existing education system because it caters to the masses. According to the Organization for Economic Cooperation and Development, “as recently as 2000, the United States still ranked second in share of population with a college degree. We are now down to fifth place. Among 25 to 34 year olds… we rank 12th, while formerly poor South Korea tops the list. A frightening realization given that the entire world has modeled itself after our own operations; the government fueled this fate. Economic philosopher Richard Reeves attributes the dead American dream to a link between education and economic inequality. He quotes: “Children of rich parents have many more opportunities to acquire skills than those of poor parents. A job market that increasingly values ​​skills highlights educational inequalities. In other words, the game is fair, but the player selection process is rigged. System in which the lower class cannot afford the same quality education as the upper class, denying them the same opportunities in labor markets. The Global Appeal of the American Dream Although the American Dream has always been an American dream, it has attracted the attention of people around the world. . People from all over the world, usually from poor or dangerous countries, immigrate to America in search of a much better life than where they came from. Unfortunately, immigrants who come to this country generally face two scenarios depending on their status. Legally, they are discriminated against, just like indigenous people living in the country, which prevents them from accessing the same opportunities even as lower-class white people, although they do not have the opportunity to achieve them . Illegal workers are severely mistreated, working in brutal conditions, living in cramped quarters and facing near-constant threats of eviction for inadequate work. Not to mention salaries considerably lower than standard salaries. The Department of Labor estimates that “people of color are nearly twice as likely to be unemployed as white Americans, even when they have the same degree.” Latin Americans are 70 percent more likely to be unemployed than Caucasian workers with the same degree. Although their quality of life has improved slightly, the chance to reach and realize the American dream is a reality they will never live to see. Just another way that big business and the wealthy class work to ensure that as little money as possible goes to the lower classes. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay The reality of The American Dream is that it is not millions of people who have failed, but millions of people who have failed because of all the factors that make it completely impossible to achieve. Because the government, the wealthiest individuals, and large corporations have demonstrated economic inequality, harbored a selective education system, and completely taken advantage of those seeking a better life with equal opportunity, the American Dream can no longer be considered as a reality in the contemporary world. Company. The American dream is dead. Works CitedChetty, R., Hendren, N., Kline, P., Saez, E. and Turner, N. (2014). Is the United States still a land of opportunity? Recent trends in intergenerational mobility. American Economic Review, 104(5),.