The Problem Of Inequality In The World

A cause of income inequality could be the jobs that people have. “In the United States, income inequality, or the gap between the rich and everyone else, has been growing markedly… (Income Inequality, para 1).” There have been no signs of income inequality changing for the lower classes, or getting better, therefore, it has become a very concerned issue upon Americans. “America’s top ten percent now average at least nine times as much income as the bottom 90 percent (Income Inequality, para 2).” Many people who have a big dream have jobs that pay minimum wage, which makes it hard. With the rich getting richer, it makes it hard for the lower classes to get a shot at being at the top with them. This also makes it hard to close the gap between the three classes.

The concept of working hard and being able to earn a livable salary in order to support our families, maintain a household and eventually save enough to retire would be great for many but unfortunately, many people cannot achieve due to low income. Income inequality refers to the uneven distribution of income and wealth between the social classes of American citizens. The United States has often experienced a rise in inequality as the rich become richer and the poor become poorer, increasing the unstable gap between the two classes.

Inequality, a subject that usually focuses on developing countries or communistic governments, is now a topic that no longer focuses predominantly on these foreign nations; but rather one that lies here, on our own soil. The United States has one of the largest socioeconomic gaps on earth. In terms of dollars, our gap is greater than a majority of impoverished countries. In a country like Chad, someone could earn a thousand dollars a year and another

In early societies, the surplus of goods and resources was rather limited compared to today. This limitation of goods is what kept the societies from being influenced by inequality. In the United States today, goods and resources are not necessarily limited. In today’s world, goods are being manufactured that are not necessarily essential for survival. This allows for certain individuals to gain resources and power, while others get nothing, thus creating the issue of inequality.

The biggest problem in today’s economy is wealth distribution also known as income inequality. Income inequality is the unequal distribution of income across various participants in a nations economy. This unequal distribution can be seen when looking at things such as property, valuable possessions, stock, savings, and investments. While the wealth of the US is clearly distributed unevenly, a “gap” between the rich and the poor continues to grow. Wealth distribution and the gap between the rich and poor is directly related to the concept of unequal opportunity. Economists such as Andrew Carnegie and John Kenneth Galbraith both believed that the economy is unfair and everyone should be given an equal opportunity to become wealthy and successful. People who are more fortunate should also try to help better the community and put there wealth towards society. Other economists such as Thomas Malthus and Garret Hardin believe that there will always be some percentage of humans

The OECD says that since the mid- 1990s more than half of all jobs created in the member states has been in non-standard work. According to the members, households that depend on such work have higher poverty rate than other household and that this has led to greater inequality. In 34 states is says that 10% of the population earn 9.6 times the income of the poorest 10%. Some believe it’s because of the wide gap in education. It is happening in the most unequal countries, which leads to leads effective workforce. There is no difference in inequality but some studies showed that it slowed down during the financial crisis and now it is growing again.

Economic inequality reigns as a massive divide in the United States of America. Many active policies cause people to occupy an economic level which is meant to benefit those above them. With that said, there have been many efforts taken in hopes of reducing the current levels of economic inequality, but with these efforts, money and wealth will have to be taken from the rich to give to the poorer. This is where the problem lies with wealth inequality – many have to sacrifice for those whom they presume to be unworthy of benefiting from their fortunes. Education, wealth, race, and power all play a role as to why action will not be taken to reduce the current levels of inequality in America.

Part of the reason why Americans do not exactly see inequality as an issue is because they have been conditioned their entire lives to believe that this is how life should be. Many have grown up being so accustomed to the rich becoming richer and the poor becoming poorer that they fail to even think about the concept of inequality and, instead, blame the income disparities on work ethic rather than economic conditions. In India, people are not opposed to the caste system, even though there is essentially no social mobility, because they were born into it and have never known anything else. By comparing the social and economic statistics between many different countries, it allows individuals in a society to look past what they see as “normal”

The Rich are more respected better than the poor and Economic inequality can undermine the fairness of political institutions. When you are in first class on the titanic you are treated better and more respected than the poor and when someone is running a campaign they won't put the person that is poors´ suggestion than the riches. To fight against income inequality we can make about everyone in the middle class since that is what works better than the rich being rich and the poor being very

If one particular individual (or family) was given all the resources available to help them thrive and another individual lacked basic necessities, how is this fair? Similarly, if 1% of the American population owns a vast majority of our society’s riches compared to the other 99% who work hard and still have a hard time making it, how is this fair? Income inequality is when there are recognizable problems as far as redistribution of wealth within our society yet the people (i.e., the “1%ers”) who could make the biggest difference in fixing these problems fail to. That is not to say that the current solutions do not help but realistically, more should be done to correct these issues. Per Blau (2014), “if businesses do not pay their employees adequate wages, these workers cannot buy enough to keep the economy

“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.

What is inequality? It is the difference or variation in size, amount, rank, quality, social position or the fact that one group is more privileged than the other, or it can be based on the unequal opportunity of certain groups on the society. Based on the book ‘’social problems’’ by John J. Macionis, he said that there is an unequal distribution of economic resources, which means that one part of the population has more they suppose to have that the other part does not have enough to support itself. Since 1970s, economic inequality has increased in the United States. In particular, the rich have gotten a lot richer. Economic inequality affects the society and the youth in several ways. Income inequality can lead to the downfall of the country's economy, or it can make it difficult for poor members of the

Adding to the problems countries and people have to face around the world is a well talked and argued topic of economic inequality. To begin with, economic inequality can be defined as the division amongst the rich and the poor. Today inequality exists in minimum wage, taxes, etc. all of these forms of inequality can affect the well-being or family of a person. Like Pope Francis said, “The first task is to put the economy at the service of people. Human beings and nature must not be at the service of money” the economy inequality must be fixed whether it is through taxation or distributing minimum wage equally.

I only included income inequality, but it stretches beyond that to race, sexuality, status, etc. All of those things need to be addressed by society as a whole, through policies and increasing access to opportunity among the poor.

Inequality is ubiquity in our world, most people are looking at the downside or the surface of this phenomenon. In fact, that inequality is the drive of historical and social progress.