China Income Inequality

In China on the other hand, the distribution of income has been unfairly distributed. China’s poorer residents have benefited more compared to the wealthier residents. This rise in income inequality began when former leader

Financial loss, divorce, long commute times can befall a person because of the rapid growth of income inequality. But one mustn’t look at statistical analytics to see the reasons behind the falling outs but rather at what causes do these people not have higher incomes, marriage and living problems. These persons undoubtedly make bad decisions in their homes and work place-they may be very rude to clients, don’t take their job seriously, or are unorganized individuals-and therefore may be fired for their behavior and must take on a reduced income at a measly job because nobody else will accept them. They carry all of their problems

Societies and their governments have developed different policy approaches to addressing domestic inequality. Compare and contrast two different countries and evaluate the effectiveness of their key policy measures in addressing inequality.

Increased income inequality is shown to increase the poverty rate. This is shown as more income moves apart from lower income brackets to upper income brackets. The Economic Policy Institute estimated that increased income inequality has increased 5.5 percent in from the year 1979 to 2007. This increase in poverty is reflected directly from income inequality as the bottom laborers in a business are working harder and gaining less, as the top workers, the CEO’s, and other executives are spending less time working, and more time counting their money. Income deprivation has been the largest driver of change in poverty rate, much above other factors such as economic growth, education, and race.

Why is income inequality an important issue for the Chinese society and its future economic growth?

In any given population, there is a difference between what people within the population earn. The uneven distribution of income in any given population is income inequality. In order for there to be income, there has to be several sources of income. These sources of income may be combinational or independent per person receiving the income. Income may result from wages, rent, bank account interests, salaries or even profits made in business transactions ( Stiglitz, 2012).

Gan, Li, et al. "Reducing Inequality: Taking From The Top To Distribute At The Bottom." China Perspectives 2013.3 (2013): 80-82. Academic Search Complete. Web. 29 Oct. 2015. Gan et al. examine the true scope and detail of the income disparity present in contemporary Chinese society. This work examines the introduction of government measures, the criticisms and inadequacies of these supposed measures, other potential solutions that have been proposed, as well as whether or not the Chinese government has the true ability and willingness to carry out the new

The gaps between the poor and the risk, as well between rural and urban are getting wider and wider. According to official Chinese government statistics, on average, urban incomes are four times that of rural areas. This is very problematic for social cohesion. These cause a large population of labors forces rushed into urban areas to make a living. They are termed as floating populations. Official statistics estimated the number of these migrant workers is between 70 to 120 million. When the urban areas are reaching saturations, migrant workers move further to earn money – some of them keep moving to other cities, the rest may choose to stow

Statistics indicates a rise in poverty levels in most countries all over the world. In America, more than 15% of the population lives in poverty and deplorable living conditions. Poverty and homelessness are particularly high amongst children living in the United States. Poverty is considered as the inability to meet one’s basic needs due to lack of money. It is state of deprivation in which a person lacks and is unable to acquire the normal monetary sum or property and other possessions. In the United States, the poverty threshold is used by the government to measure the level of poverty in the country. The government implements different policies and programs to eradicate poverty depending on the level of poverty. The policies and programs are meant to improve the welfare of the poor in the society and enable them to improve their social status. This paper will entail research on poverty and the policies and programs implemented to eradicate poverty in the United States.

Whether or not one agrees with the economist’s observation on measuring poverty through the income, the analytical problem that is demonstrated is the lack of income can prevent individual from accessing fundamental needs for minimum standard of well being. In areas where individuals have very low wages, inflation causes the area to fall deeper into poverty. Inflation is defined as a general increase in prices, not minimum wages. Therefore, understanding the measurements of poverty can led to exploring sufficient solution to help decline the poverty level in rural areas.

“Income inequality has no necessary connection with poverty, the lack of material resources for a decent life, such as adequate food, shelter, and clothing. A society with great income inequality may have no poor people, and a society with no income inequality may have nothing but poor people” - Robert Higgs. When people think of income inequality they picture poverty and people not having basic necessities. However income inequality is not just a connection to the poor. Income inequality is strongly affected by education attainment, technology, and gender.

Clearly, we can see from the table that 11% of all households whose total amount of population was 1,837,000 lived in poverty. The proportion of poor single person with no children was 19% (population 54,000), whereas sole parent had 21% people (population 232,000) who lived in poverty. However, couple with no children had a 7% of population (population 211,000) living in poverty, whilst the proportion of poor couple with children who was poor account for 12% (933,000). In addition, there was 6% of single aged person who lived in poverty, whereas only 4% aged people (population 48,000) lived in poverty.

This class is organized in a manner that allow students to start preparing themselves for the mayor assignments since the very beginning of the semester. A mayor tool used in order to succeed in such assignments during this course was the book ¨Writing that Works¨ from the author Oliu, W. E., Brusaw, C.T., & Alred, G.J. as well as the peer review, and the samples. Such tools had being helpful in order to show us the correct path that must be follow in order to write a research in a proper manner. As well, the previous preparation had help us to know how to analyze, identify and write to a specific audience. The Review of Literature specifically had help a lot since it requires a deep investigation of the topic that each student choose. This

There are a number of reasons for studying the economic consequences of income inequality (see~\cite{dabla2015causes} and~\cite{bertola2014income}). Inequality of outcomes and opportunities in an intergenerational context is discussed by~\cite{black2015poor}, where they give evidence that wealth begets wealth. Inequality of opportunities can result in large social costs, as it can compromise individual's educational and occupational choices.~\cite{stiglitz2012price} also mentions the incentives people have to divert their efforts toward securing favored treatment and protection under such unequal society, resulting in corruption, nepotism and ultimately weakening the confidence in institutions. Besides, empirical evidence sugests there are

In India, some of the worst off will earn daily wages by scouring through piles of trash looking for recyclables to sell for money. The definition of wealth in the slums is determined by a person’s ability to afford shelter for their plastic. 60 million Indians live in the Urban slums and 300 million under the World Bank poverty line - $1.25 per day (91). In china, the poor face the same issues. Although China has made considerable efforts to help out their poor, but their efforts continue to fall short. As living conditions continue to stay rough, people continue to move towards the cities, farmers are abandoning their land and crops in search for higher incomes. However, for a while, the migrants were rejected city services. Often children and spouses are separated for long periods of time, in most cases young parents are forced to send their children home to their village while they work in city factories in order to send money home. A large issue is that people in China are historically unaware of the labor laws that the should be followed (94). In both countries, even when people are aware of the social services they could receive, most are not allowed to get bank accounts, the only means they would have to receive government compensation. Plus, both countries have historical caste systems that often prevent any economic mobility (98). Most of the time, caste systems will determine where