Poverty And Inequality Analysis

When discussing poverty and inequality we focused our time on two articles, one of which was written by Milanovic and the other by Feldstein. These two authors have completely opposite views on how to deal with poverty and inequality. It is Feldsteins’ belief that inequality is something that while present in everyday society is not something we should be focusing our time and effort on. It is Feldsteins’ belief that if we instead focus all of our time on fixing poverty the side effect is that inequality will be reduced if not eliminated completely. This is due to Feldsteins’ belief that inequality is a result of poverty. Feldstein states that if we focus our time on the poor and removing poverty than inequality will follow naturally. Another …show more content…
This refers to groups of people who are sorted into categories primarily based upon their economic conditions. However, we also discussed Bourdieu 's interpretation of classes and Bourdieu believed that class was actually formed through capital which he divided into economic, cultural, social and symbolic. Do deal with our focus on poverty we must first study Capitalism. Capitalism refers to a system that is controlled by the private sector rather than the state in order to control the economy. To focus on poverty we discussed something known as working poverty which when referring to people is sometimes known as the working poor. The working poor is a term used to describe people who while working still have a low-income that causes them to fall below the poverty line. It is argued that Capitalism may in fact perpetuate working poverty and the main causes for this include the competition created by the private sector, a lack of a system or a poor system that provides economic assistance to those in need, and finally the shift in our economy create times of greater economic growth as well as such things as …show more content…
We have previously discussed how poverty and inequality are unavoidably linked to each other according to Milanovics’ arguments. When focusing on the working class we see inequality all the time. The largest example for inequality is the wage gap between men and women. In fact, one of the only professions where great strides to reduce this wage gap have occurred is in education. This economic inequality causes problems within society that have social consequences such as a negative impact on a community 's well-being. This refers to the fact that people are less likely to contribute in a community if their contribution is as being less worthy than another person who is making more money for the same contribution. However, that is not the only type of inequality seen in the working class, we also have working poverty. Capitalism is perhaps the largest contributing factor that creates working poverty. Working poverty is something that has detrimental effects on people 's health and can be seen in the Working Class. As discussed the working class has problems with inequality. Working poverty is something that connects capitalism and the working class through the poverty and inequality that the working poor