Unformatted text preview: impoverished to move upward since the government provides for their basic necessities. Krugman’s article was a response to the Business Week article titled “Waking Up From the American Dream.” Although both refute the idea of the American Dream—easily moving up in the social ladder—they have their share of differences. The Business Week Article focuses more on education and utilizes income as a supporting component. For one to move forward in the income bracket, high education is a necessity. However, in order to achieve higher education money is needed. According to the Business Week Article, therefore, those who can only afford four-year college tuitions are not the students from low-income families. This leaves the children of low-income families attending community colleges or not attending college at all....
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This note was uploaded on 11/14/2011 for the course ECON 01 taught by Professor Clairebattista during the Fall '10 term at Cal Poly.
- Fall '10