Low Income Inequalities

Satisfactory Essays
It will highlight the low wages of the workers and its impact on the individual and society issues.

According to Australian Council of Social Service (ACSS) 2015, excessive inequality is harmful in any society, it can influence people participation in development, disable economic activity, and ultimately unhealthy for individuals. Disparities in wealth and power produces of social inequalities in society. Issues of poverty, low wages, discrimination, and health disparities are associated with the case of social status of the individual.

To a study published in 2015, found that increasing income inequality for OECD countries between 1990 and 2010 has led to decline in economic growth of 5%. The major cause for that was by extending the
Get Access