1. Income Gap

2. What is an income gap? Why does it exist?
What can be done to change it?

3. What is the income gap?
The difference in the quality of life between the rich and the poor.

4. = Why does the income gap exist?
Poor lack the basic skills that would make taking part in the economy possible
Little education= low paying jobs =

5. Colonialism Impact of colonialism- 15% of people own 85% economy
the extension of a nation's sovereignty over territory beyond its borders by the establishment of either settler or exploitation colonies in which indigenous populations are directly ruled, displaced, or exterminated
15% of people own 85% economy
85% own 15%
What kind of problems does this cause?

7. Moral Issues
How can any caring society justify vast wealth in the hands of a few while most live in poverty from which they will never escape?

8. Economic dilemma Free Market- freedom and rewards
Poor lack basic skills
Little education
Jobs like sweeping or shining shoes
Slums breed disease and encourage crime
Life span is shorter

9. A Political Problem Desperate people will take desperate measure
Battles and Rebellions
Argentina, Bolivia, Brazil, Columbia, El Salvador and Guatemala

10. Harsh military measures
Human rights and dignity have been violated
Rebels seek economic justice and military protects the wealthy

11. Solutions Free Market economy Democracy Education
Providing economic opportunity and stability
Democracy
Outlet for protest and opposition so that policies can be adjusted to reflect the will of the majority of the people
Education
Literate and well educated populations will be need to fill the jobs that will become available in an increasingly complex economy

12. NAFTA North American Free Trade Agreement
created by the governments of the United States, Canada, and Mexico
December 17, 1992
President G. H. W. Bush signed the agreement
President Bill Clinton signed it into law

13. What is NAFTA? Free trade agreement
world’s largest free trade area, linking 439 million people and producing $15.3 trillion in goods and services annually
actually began with President Ronald Regan
Prior to NAFTA, Mexican tariffs on U.S. imports were 250% higher than U.S. tariffs on Mexican imports

14. NAFTA pros Unemployment was higher Before NAFTA
Trade has more than tripled since NAFTA
Manufacturing rose 58% from 93-06
U.S. wages rose 24%
Ag exports grew
Mexican wages grew
Source:

15. NAFTA cons Negative impact on Canadian social programs
Did not curb illegal immigration like it was “supposed” to

16. What is the meaning of this political cartoon?

17. Income Gap Main Ideas Infrastructure Maquiladora Informal economy
Why income gap exist?
Impact of Colonialism
Economic dilemma
Political/military problems
What are solutions to problems?
NAFTA
NAFTA pros
NAFTA cons