The problem of economic income inequality has taken a toll in countries worldwide, resulting in challenges to policy makers in every country, causing lawmakers to combat income inequality in the workforce. Therefore, understanding the causes of economic income inequality worldwide is based on three factors, globalization, technology and the unequal distribution of wealth will help us to understand why income inequality plays such an important role in society today. For the past 30 years, men and women around the world have experienced income inequality regardless of an individual’s education and occupation because men and women should be treated with equal wealth distribution.
The advancements made in technology enhance globalization, and thus …show more content…
They are faced with lower income, less jobs, goods and service are reduced, they must rely solely on the country’s income and these countries typically have a lower GDP. If these countries want to be competitive. They must sharpen their skills through better training and education. In developed and developing countries their situation is different. Because globalization and technology open economic chances for both skilled and unskilled occupations. While some high and middle class have established themselves with high education and training. Globalization gives the lower class and undeveloping countries the chances to have new opportunities and this gives people new sets of skills and training. There is a large portion of countries around the globe that is underdeveloped and the only way these countries can reverse their status is through high levels of education and training and these countries will take any opportunities that …show more content…
People around the world, have had terrible experiences with economic income inequality such as social and businesses going on strikes, crimes, economic growth, and less government revenue. Though many governments and businesses believe that these types of problems are out of their reach and that there is nothing they can do about it. Nevertheless, the rise of technology and globalization have changed the world and countries today. Making everyone and everything closer were goods and services can be purchased easily. Resources are closer than ever. More opportunities are available today than it was 30 years ago in developed and developing countries and there is still hope for undeveloped countries. Without technology and globalizations there would not be a world economy. Every country around the globe would probably struggle with goods, services, GDP, and this world would be horrible despite the advantages and disadvantages with technology, globalization, and the unequal distribution of
The advancements made in technology enhance globalization, and thus …show more content…
They are faced with lower income, less jobs, goods and service are reduced, they must rely solely on the country’s income and these countries typically have a lower GDP. If these countries want to be competitive. They must sharpen their skills through better training and education. In developed and developing countries their situation is different. Because globalization and technology open economic chances for both skilled and unskilled occupations. While some high and middle class have established themselves with high education and training. Globalization gives the lower class and undeveloping countries the chances to have new opportunities and this gives people new sets of skills and training. There is a large portion of countries around the globe that is underdeveloped and the only way these countries can reverse their status is through high levels of education and training and these countries will take any opportunities that …show more content…
People around the world, have had terrible experiences with economic income inequality such as social and businesses going on strikes, crimes, economic growth, and less government revenue. Though many governments and businesses believe that these types of problems are out of their reach and that there is nothing they can do about it. Nevertheless, the rise of technology and globalization have changed the world and countries today. Making everyone and everything closer were goods and services can be purchased easily. Resources are closer than ever. More opportunities are available today than it was 30 years ago in developed and developing countries and there is still hope for undeveloped countries. Without technology and globalizations there would not be a world economy. Every country around the globe would probably struggle with goods, services, GDP, and this world would be horrible despite the advantages and disadvantages with technology, globalization, and the unequal distribution of