WEALTH DISPARITY AND MINIMUM WAGES

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Prepare: To help with the preparation of your annotated bibliography, review the following tutorials and resources from the Ashford Writing Center:

Reflect: Reflect back on the Week Two Discussion in which you shared with the class the global societal issue that you would like to further address. Explore critical insights that were shared by your peers and/or your instructor on the topic chosen and begin your search for scholarly sources with those insights in mind.

Write: For this assignment, review the Annotated Bibliography Formatting GuidelinesView in a new window and address the following prompts:

  • Introductory Paragraph to Topic: Refer to the Final Argumentative Essay guidelines for your topic selection. Write an introductory paragraph with at least 150 words, which clearly explains the topic, the importance of further research, and ethical implications.
  • Thesis statement: Write a direct and concise thesis statement, which will become the solution to the problem that you will argue or prove in the Week Five Final Argumentative Essay. A thesis statement should be a declarative statement that makes one point in 25 words or less. The thesis statement must appear at the end of the introductory paragraph.
  • Annotated Bibliography: Develop an annotated bibliography to indicate the quality of the sources you have read. For each annotation, you need to summarize in your own words how the source contributes to the solution of the global societal issue. Your annotation should be one to two paragraphs long (150 words or more) and fully address the purpose, content, evidence, and relation to other sources you found on this topic. The annotated bibliography must include no less than five scholarly sources that will be used to support the major points of the Final Argumentative Essay. Critical thinking skills need to be demonstrated by accurately interpreting evidence used to support various positions of the topic.

The Introduction, Thesis Statement, and Annotated Bibliography Assignment

  • Must be 1,000 – 1,250 words in length (excluding the title and reference pages) and formatted according to APA style as outlined in the Ashford Writing Center (Links to an external site.)Links to an external site..
  • Must include a separate title page with the following:
    • Title of paper
    • Student’s name
    • Course name and number
    • Instructor’s name
    • Date submitted
  • Must use at least five scholarly sources.
  • Must document all sources in APA style as outlined in the Ashford Writing Center.

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Final Argumentative Essay Topic Wealth disparity and minimum wages are the selected topics for the argumentative essay due to their relationship between both subjects. Although the minimum wage issue is one of the major factors responsible for the high wealth disparity in most societies, some of the differences between them provide a strong basis for an argument. Therefore, it is necessary to consider the factors responsible for each of these issues as well as their impact on the socio-economic development of a nation. Aside from this method of examining the topic, the identification of government policies that are responsible for the minimum wage crisis that had led to the disparities in wealth distribution is an additional effective method. Meanwhile, one of the ways that a researcher can use for the critical analysis of the credibility of sources is to check its peer-review status. Secondly, the researcher can be used the medium of publication of the article as a measurement of academic relevance while the final methods for ensuring the integrity of the information contained in a scholarly article is to evaluate it with CRAAP Test. This assessment would reveal the currency, relevance, accuracy, authority, and purpose of the publication in the context of the topics. In the article on the dynamics of wealth inequality and effect of income distribution, Berman, Ben-Jacob & Shapira (2016) examined the underlying mechanisms of wealth inequality as a means to understanding the type of measures for dealing with the global problem. Similarly, Saez & Zucman (2016) provided a historical assessment of the extent of the issue through the use of income data. In conclusion, scholarly sources are necessary for supporting arguments on the widening gap in wealth distribution because of the quality of information they contain, as well as the use of empirical evidence to support them. References Berman, Y., Ben-Jacob, E., & Shapira, Y. (2016). The dynamics of wealth inequality and the effect of income distribution. PloS one, 11(4), e0154196. Saez, E., & Zucman, G. (2016). Wealth inequality in the United States since 1913: Evidence from capitalized income tax data. The Quarterly Journal of Economics, 131(2), 519-578 20170914010741journal.pone.0154196.pdf
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Running head: WEALTH DISPARITY AND MINIMUM WAGES

Wealth Disparity and Minimum Wages
Name
Course
Professor
Date

1

WEALTH DISPARITY AND MINIMUM WAGES

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Wealth Disparity and Minimum Wages
While the government convinces the world that the U.S is a middle-class country, there
are wealth disparities in the country that delineate the upper, middle, and lower classes.
Governments make use of several policies such as the setting of minimum wages as a means of
reducing the wealth inequalities. While this may be seen as an effective means of making sure
that the number of poor Americans is reduced, it cannot be confirmed as presenting a positive
effect on the livelihood of Americans. As such, there is the need to study the meaning and
application of minimum wages in the country as well as the issue of wealth disparities. The
relationship between the two factors must be established as a means of providing the government
with policies that can be effected to reduce the disparities. While the government has always
used minimum wages as the tools to reduce wealth inequalities, its effects are limited, and the
application of complementary policies is required to reduce the wealth inequalities in the
country.
Berman, Y., Ben-Jacob, E., & Shapira, Y. (2016). The dynamics of wealth inequality and the
effect of income distribution. PloS one, 11(4), e0154196.
20170914010741journal.pone.0154196.pdf
The authors of this article identify the wealth inequality in the past few decades as one of the
most worrying economic trends. Th...


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