1. Distribution of wealth You have 5 minutes to gather as many pennies as you can!
Rules:
Cannot touch another person.
If you break this rule, you must pay 2 pennies to the person you touched.
2. Must only take one penny at a time.
If you break this rule, you must put all your pennies back in the pile and sit out.

2. Lower Class Middle Class Upper Class
Your pennies represent your wealth and power.
Who has the most? The least?
Lower Class
Middle Class
Upper Class

3. Should you be required to share your “wealth”?
Let’s vote on it!
Upper class – you get 5 votes
Middle class – you get 3 votes
Lower class – you get 1 vote

4. Required to share wealth
Not required to share wealth

5. Is this a fair distribution of wealth?
Should the “haves” be concerned about the situation of the “have nots”?
Would anyone want to DONATE to someone to redistribute the wealth? To help the “less fortunate”?

6. Wealth inequality Wealth Inequality in America
Income Inequality is Good

7. Wealth Inequality Articles – Take notes on your article (on your notes sheet). Answer the question (on your notes sheet): Do you think there should be a redistribution of wealth in this country? Why/why not? Use evidence from your article to support your response. Be prepared to discuss. Write a HOT question (on your notes sheet) that connects to your article. Be prepared to share in a discussion.

8. Meet the
Middle Class

9. In the 1950s and 1960s, the median income allowed you to live with a single earner — normally the husband, with the wife typically working as homemaker — and roughly three children. It permitted the purchase of modest tract housing, one late model car and an older one. It allowed a driving vacation somewhere and, with care, some savings as well. 

10. The median net worth of families in 2013 dollars:

11. Read from the article: The American middle class is shrinking
Discuss: Why do you think the middle class is “shrinking”?

12. How America Is Killing The Middle Class

13. The typical us family made $53,657 last year
(from CNN September 2016)

14. The average household has $129,579 in debt — $15,355 of it on credit cards.
Over 75% of citizens living in the United States do not have enough money in their emergency savings account to cover at least 6 months of expenses.
According to one survey which gathered data from 1,000 adults, 50% had less than 3 months of expenses in their savings and 27% of those surveyed had no savings at all.

17. With your table write one hot question about the middle class

18. Affluence:
The abundance of wealth

19. The top 10 richest people in the world
Rank
Name
Net Worth
Source of Wealth 1
Bill Gates
$79.2 billion
Microsoft 2
Carlos Slim Helu & family
$77.1 billion
Grupo Carso, telecommunications 3
Warren Buffett
$72.7 billion
Berkshire Hathaway 4
Amancio Ortega
$64.5 billion
Zara 5
Larry Ellison
$54.3 billion
Oracle 6
Charles Koch
$42.9 billion
Koch Industries
David Koch 8
Christy Walton & family
$41.7 billion
Wal-Mart 9
Jim Walton
$40.6 billion 10
Liliane Bettencourt & family
$40.1 billion
L'Oreal

20. How the RICH think: YOUR thoughts?? “Average” vs “Rich”
Average people live beyond their means. Rich people live below theirs.
Average people focus on saving. Rich people focus on earning.
Average people believe they must choose between a great family and being rich. Rich people know you can have it all.
“Rich” vs “Poor”
Rich people believe they create their life. Poor people believe that life happens to them.
Rich people are committed to being rich, poor people want to be rich.
Rich people choose to get paid based on results, poor people chose to get paid based on time.
Rich people act in spite of fear, poor people let fear stop them.
YOUR thoughts??

21. Rich or….
Spoiled?

22. What does affluenza mean?
Think AFFLUENCE and INFLUENZA

23. affluenza /ˌæflʊˈɛnzə/ noun
a psychological illness supposedly affecting wealthy young people, symptoms of which include a lack of: motivation, feelings of guilt, and a sense of responsibility.

24. Affluenza and Ethan Couch
Read Couch’s backstory then watch the news stories.
News Story #1
News Story #2

25. With your table write one hot question about the upper class

26. Do you believe that the average couple can make a living earning minimum wage? Why/why not?

27. Can you survive the year?
Let’s play a game!
Can you survive the year?

28. Minimum Wage Did YOU Survive?
Who made it (had money)?
Who is struggling (in debt)?
Largest amount at end of year?
Largest debt?

30. This map shows how many hours you would need to work a minimum-wage job in your state to afford a one bedroom place.

31. As of December 2016, average apartment rent within the city of Boise, ID is $932.
One bedroom apartments in Boise rent for $800 a month on average and two bedroom apartments rent for an average $942.

32. A History Of The Minimum Wage

33. Why the Minimum Wage Should Be Raised
The first benefit is that millions of Americans would see a pay raise that could go toward meeting their basic needs and living expenses. An increase in the minimum wage raises the standard of living for impoverished workers.  
Getting paid more could potentially boost worker morale which could in turn improve productivity and help keep turnover rates down.  
Studies show graduated increases in the minimum wage have low impact on unemployment.  
Additional income would be spent by consumers and would ripple through the economy. The extra pay in the pockets of millions of workers could trickle down to retailers and provide a boost to the economy.  
Government expenses for social programs aimed at the poor would be reduced. This might result in slightly lower taxes for other Americans.  

34. Why the Minimum Wage Should Not be Raised
Why the Minimum Wage Should Not be Raised
Jobs and benefits could be cut. Businesses, instead of raising prices to counter the higher cost of wages, simply cut employees or reduce benefits.  
Provides an incentive for employers to invest in automated processes, technology and machinery to increase productivity rather than human resources.
Prices might be increased to offset higher labor costs. If the price of goods and services goes up across the board to make up for higher employee wages, it may not only negate the wage hike for low-income workers, but also unintentionally hurt middle-class Americans' pocketbooks.
A reduced desire for career advancement. Whereas a pay raise may boost workers' morale, it could damage their drive for self-betterment, further impeding the opportunity of low-wage workers to improve their socioeconomic outlook

35. Where do you stand on the minimum wage debate?