Low Income Inequality In The World

We have the belief that we all have an equal opportunity in life including equal access to quality education. In schools where there is a larger group of minorities usually get less funding for their school which does not help children reach their full potential. Another issue that minorities encounter is that they are usually placed in the lower paying jobs. The cost of education can be too much for a minority which usually leads them to have lower paying jobs which stops them from pursuing a better future. I have also seen that minority students are being underestimated because many believe they are not intelligent enough. Over the past couple years, I've seen that

resources makes it harder for minorities to get ahead. If a child can't even get proper

We as individuals should take more of an initiative and make a better effort to educate the poor so that they themselves can escape their poverty situation. Nevertheless, no matter how much we are able to educate them, I believe that poverty won’t be diminished unless the system is changed. As state in the article written on July 6, 2016, “The New Faces of U.S. Poverty,” it is stated that America's poor are increasingly shifting from the cities to the suburbs, the most recent Census data show – and that's causing problems with the way the government delivers assistance to them. The prolonged economic recession forced millions of Americans into poverty, with nearly 15 percent of the population – or roughly 46.7 million people – living below the poverty line in

Many other people, however, see this problem as not their own. They blame the minorities being poor

Epidemiologists and population health experts have researched and analyzed the issue of income inequality and low socioeconomic status and how it relates to one’s health conditions. Across the globe, income has a major impact on the quality of other determinants of health, such as housing, food security and other basic prerequisites for health (Mikkonen and Raphael, 2010). Socioeconomic status (SES) can impact an individual’s health through factors such as control over material resources, social and political power, prestige, knowledge and educational skills; access to care; and exposure levels to agents harmful to health (Viswanath and Bond, 2007). On average, the more advantaged an individual is, the better their health overall (Alder and Ostrove, 1999).

Socioeconomic status has been known to have a great effect on people. It’s a well-known fact that poverty and inequality affect the well-being and opportunities for families and their children. It is a common fact that people who have accumulated much wealth occupy the top echelons of society and enjoy almost all privileges brought about by their money and social status while the poor have little or no access to these privileges and are often marginalized in terms of education and social services. There are many forms of socio-economic inequality due to racial discrimination in Canada, for example some of the studies I mentioned in this paper show that a wage gap exists between White Canadians and other visible minorities. Despite pay equity

Inequities in wealth, power, resource and quality of life are rising in the United States and globally people suffer from a low SES such as lower education, and healthcare, ultimately affect everyone in the society but the elite class. This impacts the lives of many ethnic and racial minorities who are discriminated and ignored making it real hard to decrease the deep gap between both classes.

It does not take much for someone to realize that in today’s society, there are still inequalities in our country. America may be a hundred and fifty years past the civil war when white and black racial lines were erased, but they are more present today than in recent years. The recurrence of these racial lines has been caused by the economic gap, violence on the streets, and miscommunication of facts.

The notion of fairness is often the underlying basis in legitimizing the concept of taxing the rich more than low-income individuals. However, the very idea of fairness would assume that one gets paid accordingly to what they produce for society, given their abilities, yet the current tax system based on margins, opposes this very idea. More specifically, creating higher tax brackets for wealthy people only creates an absence or lack of incentives for the poor to work because they are funded by such taxes, just as the rich are no longer incentivized to produce more outputs in fear of these higher taxes. This complex system influences the overall economic health of society and depending on your income, you can benefit or lose to this inequality, whilst both the poor and the rich can exploit

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

In “Introduction”, author Branko Milanovic looks at “both income inequality and political issues related to inequality from a global perspective” (1). He says it is time to look at income inequality as a global phenomenon instead of as a national one (Milanovic, 2). Reasons for this include: learning about the ways people outside this country live their lives can serve pragmatic purposes, such as learning better and more efficient ways to do things, we now have the ability to focus on global inequality with the data now available, and the most important reason is that the study of global inequality allows people to see how the world has changed (Milanovic, 2). Milanovic then goes on to consider global inequality as a whole (6). He argues that

We live in a country plagued by social injustices towards minorities. In countless ways and to varying standards this erodes the well-being of our society. These social issues caused a fascist, racist, sexist, homophobic, islamophobic, ignorant man to become elected and represent our country. The potential solutions for all these injustices primarily involve education for both those in the majority as well as the minority groups. These issues cannot be solved all at once and will take time. The proposed solutions to them all are varied and diverse. Although a majority involve education and open communication between leaders of each community and the citizens of all sides. The solution would involve giving minorities greater opportunity,

How do we balance the assistance we give the poor but do not discourage work? The labor markets which determine how much workers are paid do not take into consideration how much a family really requires to pay for all expenses like health care, clothes, food, housing, and transportation. The labor markets actually create inequalities of income and as a result create issues leading to poverty. Poverty is measured by the U.S. Census Bureau as a direct result of the Office of Management and Budget 's (OMB) Statistical Policy Directive 14. The Census Bureau uses thresholds that vary by size and composition of families to determine levels of poverty. To sum it up, if a families total income is less than the set

The world is awash in cash – US companies alone have US$2 trillion stashed in cash and the amount of cash in the G4 economies of the United States, the euro zone, Japan and Britain has expanded five-fold since 2008. The reason, lack of investment opportunities and low returns in all asset classes. Yet, an estimated 4.5 billion people at the base of the pyramid are underserved in healthcare, education, sanitation, financial services, technology, transportation etc. Businesses aimed at serving this segment of the population would create significant social impact and may also get many of the sluggish economies moving again as many pockets at the base of the pyramid remain outside the economic system and with little hope of joining the ranks of global consumers.

I believe the most important issue we as humans need to solve in the world is poverty. In a sort ‑of way, some of the mentioned issues we face are somewhat connected to poverty. Racial discrimination is formed from the thought of the black race being the lower and rather vulgar class. And poverty is the reason for the black race being viewed upon as non-superior. Because of their ethnic