NYC Income Inequality:
A look inside NYC Racial Wealth Gap
12th Grade Economics
Ms. Davis
Introduction:
~What kind of financial future would you like to have for yourself?
~Does this future include financial choices you make?
~What if there were obstacles in front of you right now that will hinder your abilities to obtain wealth?
~What if I told you, right now, there are several ways to make income into wealth overnight? |
What Is Coming?
You have now been given the chance to solve income inequality in NYC creating a presentation and developing a solution plan to send to the Mayor of NYC. The presentation is a virtual activity that will be shared with the entire school community. Your letters will also be sent out electronically to The Office of Mayor Adams. |
Background Info
Income inequality refers to the extent to which income is distributed in an uneven manner among a population. Income includes the revenue streams from wages, salaries, interest on a savings account, dividends from shares of stock, rent, and profits from selling something for more than you paid for it. During the Gilded Age in the early 1900s, social movements and progressive policy makers fought successfully to level down the top through fair taxation and level up the bottom through increased unionization and other reforms. Here’s a video that breaks Income In down from the start.
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Task: Policy Analyst Time Frame: One Unit / Six- Eight Lessons |
Objectives: - deepen their understanding by using background information sources; - examine their own biases and minimize their impact on their writing. - put information together by making inferences or generalizations across several information sources; look for relationships of cause and effect among variables and be asked to discuss their meaning. |
Student Product:
First students will present on the current issues of Income Inequality plaguing their current neighborhoods through a series of research and policy evaluation.
Second, students will compose a five-paragraph letter to the Council Member discussing the concerns of income inequality in NYC. |
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Process / Resources
Instructions: - Students must choose a focus neighborhood to explore the issue of income Inequality. - Identify where the social problem is and follow the steps listed in the PPA examples covered in earlier lessons. Resources:
Below are listed resources to help you explore the topic, including links to documents pre- organized for research. Google Docs https://docs.google.com/document/d/1rDWLUxRghiPAbC-NZRaDsC-8tKr0mgypbvsaw-tzViM/edit
1. https://www1.nyc.gov/assets/opportunity/pdf/21_poverty_measure_report.pdf
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Day One: Define the Problem ● Let’s understand the importance of income inequality in major cities and the effects on students. ● Discuss the differences between income inequality issues between racial groups ● Evaluate what income inequality issues directly have an impact on us. Day Two: Gather the Evidence ● Think of the different reasons things have been unequal overtime in America: How can this have shaped the income inequality currently in our city? ● Build a timeline of Income Inequality Directly impacting America ● Construct a chart that addresses the issues of income inequality by racial groups and socio- economic statuses. Day Three: Identify the Causes ● What is causing Income Inequality in NYC? ● Read articles on Income Inequality ● Compare and Contrast Various opinions Day Four: Examine an Existing Policy ● Research One Policy that impacts the Income Inequality you would like to focus on. Below is a worksheet to use in order to understand how to research information:
https://docs.google.com/document/d/1SCno15Gll2IX4m1fVrBwhBzopRv75nbGBKN0xdxBoDE/edit?usp=sharing
Day Five Developing New Policies: ● Find a solution to income inequality by developing your own solution plan that would then become different types of policies in government. ● These policies should focus on two different solutions to income inequality. (Different Perspectives)
https://docs.google.com/document/d/1bWd7mPkykq8zi4jLcJCBmAeZ3-O85i9yaWd9OWCgc74/edit
Day Six/ Seven: Select the Best Policy Solution
- Choose one of the social issues and find any major connections to the policies you will use to reinvent.
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Student Grouping:
Students will work in groups of five for this project.
Choosing a variety of roles: - Public Advocate - Government Consultant - News/Press - Policy Advisor Policy Developer |
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Evaluation: The evaluation of this project will be in the form of two separate learning rubrics, one for the presentation and one for your letter. |
Presentation Rubric:
Link To Rubric:
https://docs.google.com/document/d/1hTb4LKllNVI6Bm4xhJvls3TafyaFUTxLdkRIJuHTTuU/edit
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Letter Rubric: Rubric After analyzing the Solution Plan assess your fellow classmates by using this rubric. Circle the category
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Conclusion: Now use the PPA steps to solve your own social problem:
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Real World Experience: Income inequality in the U.S. is on the rise. While many believe something should be done to remedy the problem, the great division is in the prescription for a remedy. Within this Unit we have focused on how individuals contribute directly to their financial future through the decisions they make. Those decisions have been led by factors in which directly and indirectly can impact people’s lives. It is now up to you to determine how this occurs and what are the long-lasting effects for future generations.
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Connections to Unit: ● Students will have the opportunity to discuss the financial choices within their lives now that can impact their future.
● Students will assess this question from different points specifically in the research, students will assess the choices of income and wealth. ● Determining connections between the New York City Policies and individual responsibilities.
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Learning Standards: |
12.E1 INDIVIDUAL RESPONSIBILITY AND THE ECONOMY: Individuals should set personal financial goals, recognize their income needs and debt obligations, and know how to utilize effective budgeting, borrowing, and investment strategies to maximize well-being.
Cite specific textual evidence to support analysis of primary and secondary sources, connecting insights gained from specific details to an understanding of the text as a whole.
Determine the central ideas or information of a primary or secondary source; provide an accurate summary of how key events or ideas develop over the course of the text. |
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