Documentary Analysis: Inequality For All
I believe that with most things in life, this documentary contains both aspects that I agree with and disagree with. While most things can seem black and white on paper, like someone’s economic stance, life is most certainly grey. The documentary Inequality for All has an obvious leftist, or liberal, stance. That is not to say that what it contains is any more true or fake than one that is made by a more conservative counterpart, but it is important to note that it won’t paint the whole picture because it is trying to force an obviously “grey” issue into black and white terms. The same aspects hold true for the article, it is rightist or conservatively biased article which is taking the wrong approach to painting the economic picture. As for which article I agree more with, I would have to pick the documentary, but to say that it has my full support is a stretch. The documentary brushed upon many parts of the economy, from what drives spending, to taxes, and the the effects of various economic policies (see the virtuous vs. vicious cycles). It, in my opinion, rightfully stressed the importance of what we call “the middle class” as the
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The reason why I view it as a long term solution is because raising taxes and increasing pay unfortunately comes with some short-term consequences. Raising the minimum wage, for example, would cause a sudden job loss. As the article put it, “a jump in the minimum wage is likely, as the Wall Street Journal has noted, to reduce total jobs, with unskilled minority workers bearing the brunt of the losses.” Unemployment always slows, halts, or even reverses economic growth, so it’s impossible to believe that raising the minimum wage would be the perfect solution to a better economy as the documentary states. Still, I believe that taxing the 1% and raising the minimum wage would greatly benefit the economy in the long
The reason why I view it as a long term solution is because raising taxes and increasing pay unfortunately comes with some short-term consequences. Raising the minimum wage, for example, would cause a sudden job loss. As the article put it, “a jump in the minimum wage is likely, as the Wall Street Journal has noted, to reduce total jobs, with unskilled minority workers bearing the brunt of the losses.” Unemployment always slows, halts, or even reverses economic growth, so it’s impossible to believe that raising the minimum wage would be the perfect solution to a better economy as the documentary states. Still, I believe that taxing the 1% and raising the minimum wage would greatly benefit the economy in the long