“The rising gap between rich and poor is not just bad for society it is bad for growth.” Discuss.
There is no doubt that the gap between the rich and the poor is widening in the world today at the present time as ‘share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014’ (The Guardian, 2015). Inequality is referred to as the unequal distribution of wealth and income amongst individuals and countries. Gini coefficient which is a number between 0 and 1 which is used to measure income inequality; where 0 represents perfect equality showing that everyone has the same income and 1 representing perfect inequality which shows that nobody gets the same amount of income. The rich are able to meet their needs …show more content…
Education gives us as citizens the skills and knowledge needed for us to live a quality life in the present and future Although every single individual in this in the world should have the right to receive education, in some countries such as in less economically developed countries (LEDC), they do not receive education because it is not free and therefore some are not able to afford the education they need to have. For example, if we think about poor parents they are limited to what they can provide for their children, and one of the major things that they cannot provide for their children is a good education. This is because they are living with a low income and therefore, they lack the spending power to provide their children with the education that they need. As a result of their low income, they cannot buy the resources that their children need to get educated in schools. This leads to those children not gaining many skills and knowledge and tend to attain poor grades compared to those children whose parents have a high income. To support this, Education Week (2014) says ‘in recent decades, it has been largely through an increase in income-based segregation of neighbourhoods and schools that growing inequality of family income has affected the educational attainments of the nation’s children’. The lack of education such as the lack of knowledge and skills that poor children have is bad for society because it affect their roles as individuals in the society. Thus, it restricts them from getting involved and communicating with the people in the society as they may be seen as someone who is not fit for the society since they lack education. This also leads on to give the impression to some people in the society that those how do not have a good education is not equal to them which then results in the gap between the rich and the poor to rise. This is why the Also, as result of not
There is no doubt that the gap between the rich and the poor is widening in the world today at the present time as ‘share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014’ (The Guardian, 2015). Inequality is referred to as the unequal distribution of wealth and income amongst individuals and countries. Gini coefficient which is a number between 0 and 1 which is used to measure income inequality; where 0 represents perfect equality showing that everyone has the same income and 1 representing perfect inequality which shows that nobody gets the same amount of income. The rich are able to meet their needs …show more content…
Education gives us as citizens the skills and knowledge needed for us to live a quality life in the present and future Although every single individual in this in the world should have the right to receive education, in some countries such as in less economically developed countries (LEDC), they do not receive education because it is not free and therefore some are not able to afford the education they need to have. For example, if we think about poor parents they are limited to what they can provide for their children, and one of the major things that they cannot provide for their children is a good education. This is because they are living with a low income and therefore, they lack the spending power to provide their children with the education that they need. As a result of their low income, they cannot buy the resources that their children need to get educated in schools. This leads to those children not gaining many skills and knowledge and tend to attain poor grades compared to those children whose parents have a high income. To support this, Education Week (2014) says ‘in recent decades, it has been largely through an increase in income-based segregation of neighbourhoods and schools that growing inequality of family income has affected the educational attainments of the nation’s children’. The lack of education such as the lack of knowledge and skills that poor children have is bad for society because it affect their roles as individuals in the society. Thus, it restricts them from getting involved and communicating with the people in the society as they may be seen as someone who is not fit for the society since they lack education. This also leads on to give the impression to some people in the society that those how do not have a good education is not equal to them which then results in the gap between the rich and the poor to rise. This is why the Also, as result of not