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Student’s Name: Teacher’s Name: Course Name: Date: The Impact of the Middle-Class on the American Economy America is known to the world as the most dynamic nation on earth and is the foundation of effective and strong democracy. The bigger part of its economic success can be attributed to the widely shared prosperity of the middle-class citizens. However, America is faced with a number of challenges with regard to its economic structure. One major challenge that has been the subject of discussion for decades is the big gap between the rich and the middle-class. Even before the financial crisis that hit the American economy in 2007, the middle-class were experiencing troubles and difficulties living the American dream; the economic policy changes after the great depression made the middle-class conventional routes more difficult to voyage and security gnarled for the ones that were in the middle-class already. Despite these challenges, the middle-class citizens have proved to be an important part of the economy and are the reason why the American economy is considered one of the strongest in the world. In this regard, this paper shall focus on the counterarguments with regard to the arguments made against the middle-class in America by analyzing the impact of the middle-class on the economy and why the American corporate and economic structures have not made it hard for the middle-class citizens to live the American dream. On the first account, according to Robert Reich, in his book, “the debate on the unequal distribution of resources and wealth started in the 1980s” p.399 During this time, there was a trend that characterized a society divided
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