Literary Analysis Essay on "The Death of Horatio", "Long Live in the American Dream" and "By Our Bootstraps"

Introduction

The United States of America among other developed countries tend to have a stable economy despite employment inequality. Most Americans are not employed since most foreigners have moved to America due to its stable income, improved infrastructure among other reasons. Therefore, most people have been able to create their own business leading to the discovery of new business opportunities which continues to attract most foreigners to America. "The Death of Horatio", "Long Live in the American Dream" as well as "By Our Bootstraps" readings illustrate how any individual can make their life better in America if they are willing to preserve and work hard.

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Based on The Death of Horatio, economic inequality also known as income inequality is a leading problem in America because it is growing at a higher rate compared to the economy. Therefore, the gap between the poor and the reach continues to increase; thus, making it difficult for the poor to move to upper economic classes. To curb income inequality, employees ought to have increased minimum wages, expanded welfare benefits, while the government provides higher education especially for children in underprivileged families. Most wealthy Americans have inherited their wealth from their families, but others have been able to work hard such as Oprah and Howard Schultz, the C.E.O to Starbucks. Corak says that "There is more of an intergenerational cycle of poverty in the U.S" (strategies of incorporating outside sources, p.58). Therefore, Americans born from rich families tend to maintain their riches or become wealthier than their families.

America experiences income mobility since the return on capital is much higher than economic growth; hence, an individual can have the ability to move from their present economic class to a higher or lower class. For that reason, individuals that are hard working and preserve tough company rules at their workplace tend to make their lives better after moving to contemporary America. I believe that in America anybody can be able to make it as long as there are knowledgeable and have a specific skill that would create income. Since America experiences income inequality, I believe it's possible to overcome the intergenerational cycle of poverty since some celebrities like Oprah Winfrey came from a poor background, but they have made it in America.

Based on the book, "By Our Bootstraps", America has an open economic system that has enabled numerous people to venture into the market using their talents, creativity and hard work. Apart from having an open economic system, America is under capitalism economy, which motivates Americans to work hard because the economic system is controlled by private owners that might retrench the worker at any given time, unlike the government controlled industry. Therefore, house, cars, clothes and food tend to be expensive in America, forcing Americans to have two or more income from different employments. Besides, America has a long retirement period that forces people to work hard and save enough money to cater for their children after retirement.

I believe that having an open economy has contributed to most investors shifting to America and living their lives as they desired in America since they can trade internationally. America has advanced technology, which has created employment to baby boomers since they are more knowledgeable about technology than their parents. Thus, I believe that an individual can make it in America if they are hard working and can preserve working in different companies to earn better income compared to having one business income. Other than technology industries, investments in America have been embraced by different firms such as the stock market boom, which has high return rates for financial markets. Thus, I believe any individual can be able to live in contemporary American if they invest their income through stock market boom to have stable income during their retirement period and when they are retrenched from their work.

In the book "Long Live American Dream", America government has contributed to the prosperity of each Americans residents despite being foreigners or Americans by birth. Regardless having income inequality and high rates of unemployment; "America's intangible wealth which comprises of; an effective government, a functioning judiciary, as well as secure property rights, sets aside $418,000 for every American resident" (strategy for incorporating outside sources, 63). With such money set aside, the government is assured that the lives of Americans are secured in case of emergency as well as hurricane attacks among other natural disasters.

America supports and invests in talents from Americans and non-American resident through incorporating talents in the curriculum to ensure children can identify their talents and become genius in their abilities. I believe that having such a country that sets aside some money for every resident to help them during an emergency such as paying for their medical cover, encourages people to work hard and preserve to live in a contemporary America. Therefore, working hard on one's talents guarantees American residents of a good life since the country supports talents and is willing to offer an audience for talented people to illustrate their ability.

Conclusion

To sum up, America provides a platform for people to grow since the government support beneficial projects while the development of new technological industries creates job opportunities. Supporting people's talents makes America attractive because most talented people lack support and an audience from their own country. Hence, being in America encourages talented and hard working people to prosper because they have the largest audience in the world because their work is broadcasted.

Reference

McCuen-Metherell, J. R., & Winkler, A. C. (2015). Readings for writers. Cengage Learning.