Economic inequality

Income Inequality in the United States The inequality of wealth and income, as well as the gap between the rich and poor, has been a factor of the public for a long while. For many years, back to the great depression, the gap has continued to grow. What is causing it to grow? One theory includes the decreasing value of the real United States minimum wage and limited job opportunities for people without a college degree. It is not yet clear whether income inequality affects the larger economy…

El Salvador finally has peace after twelve years of civil war. During recent years, violence and poverty have plagued the country due to over-population and class struggles which, caused discontent with social inequalities, a poor economy, and the repressive measures of dictatorship. One of the most violent and bloody chapters of El Salvador’s history has ended in January 16, 1992 that has changed the life for everybody in the country after twelve years of unstoppable wave of murders of…

vice versa. This can be completed through taxes, welfare, housing programs, etc. We already have the process of redistributing wealth going on to some extent in order to assist the people in our communities” (business dictionary.com). The income inequality…

Poverty program, congress established the Economic Opportunity Act, which, “greatly increased government participation in—and regulation of—the national economy” (Economic...). President Johnson attempted to end poverty by increasing the government's involvement in the economy through the Economic Opportunity Act. Although the success of this act is debatable, it inspired others to take action against poverty. Another person who stood up against wealth inequality was John Smith, the leader of…

Mexico is a truly wonderful country filled with a rich history and culture. Many people travel on vacation to enjoy all of the beauty that Mexico has to offer, but most people do not see the extreme inequalities that the people of Mexico experience. The majority of people in Mexico are severely impoverished and live in an environment that makes it extremely difficult to break the cycle of poverty and advance in life. The type of hardships that many Mexican citizens face is unimaginable to most…

of good and bads in this society such as gender and race".The distribution of bads is related to class differences ( poor sector) and the distribution or goods has to do with the ( hierquii ) or wealthy sector. Ulrich perspectives about social inequality are based also on another important concepts of the social scientist Curran which are risks society and individual risk. Euginez 's ( 2006) claimed the following: science, the principal institution for identifying and analyzing risks, is drawn…

of resources by people or organizations in the pursuit of rents created by the government” (p. ##). Although these are key factors that cause the growth of income inequality, they are not the only influences on it. Because of these policies corporations tend to make the markets work in their favor, thus creating the expanding inequality. Corporations use competitive pricing to remove any competition from the field and then being able to control the prices of products and services. According…

"the desirability of oligarchy supports the financial discrepancy as tool for social control" and "a corrosive brew capable of eating away at the underpinnings of democratic life itself." The newly disenfranchised, "millions of Americans who had economic security - and then lost it, have now joined the ranks of…

According to the World Institute for Development Economics Research at the United Nations University, the richest 1% of adult humans alone owned 40% of global assets in the year 2000, and the richest 10% of adults accounted for 85% of the total world wealth while the bottom half of the world adult population owned only 1% of global wealth. Zygmunt Bauman claims that the prime victim to the growing disparity between the poor and the well-off is democracy: as equality steers further out of our…

China’s income inequality started rising when the country’s adapted central planning where attempt to boost fast growth of heavy industries in urban areas when they launched market-oriented reforms and opened the economy in 1978. However, this Chinese economic growth has helped many people get out of poverty. But there are people still suffering from absolute poverty from long-term unemployed, low-income households, rural-urban migrant workers and farmers living in rural areas today. The…