Category: Income Inequality

Poverty in America: Socio-Economic Inequality Although the United States belongs to the group of the most developed countries in the world, poverty is one of the main problems of the state. Forty million Americans live below the poverty line, struggle to pay the rent, or find affordable housing (DeParle, 2016). The primary cause of poverty…

The PBS Interview on Income Inequality: Main Ideas Key Tenets of Income Inequality The PBS interview on income inequality emphasizes the role of social class in the widening gap between the rich and the poor. According to PBS, one of the main reasons behind the gap is inequality in distributing financial resources (Income Inequality 2007).…

Misconceptions About Income Inequality Table of Contents Introduction Current Statistics The Expected and Actual Changes Affecting Income Inequality Conclusion Works Cited Introduction In todays world, inequalities are the most glaring issue in human society. With the lack of proper income, an individual loses his or her ability to access essential services, such as healthcare, housing,…

Income Inequality: A Historical Review The problem of income inequality is of high social importance: it negatively affects the countrys economy and society. The United States has the highest income inequality among industrialized nations (Bor, Cohen, and Galea 1478). Measured for all households, US income distribution is comparable to that of other countries before taxes,…

Education and Income Inequality in the United States Introduction Although the USA is regarded as a country of unlimited opportunities, the income gap undermines peoples aspirations to make their American Dream come true. Diverse factors affect peoples income, and education has been seen as one of the reasons for income inequality in the United States.…

Economic Inequality as a Social Welfare Challenge Introduction Over the centuries, society and social welfare as a separate notion have been considered highly individual matters that are closely correlated with the human perception of the aforementioned welfare in the first place. This perception is frequently formed through the prism of social background that is influenced…

Economic Inequality and Its Relationship to Poverty Table of Contents Introduction Current Agenda Conceptualizing the Issue The Importance of Economic Inequality References Introduction One of the fundamental problems of society remains economic inequality, which leads to a number of critical consequences affecting the quality of life and well-being of the population. Strictly speaking, economic inequality…

Education and Income Inequality Relationship Introduction Income inequality is a great problem of every society since it widens the chasm between the richest and the most deprived people and negatively affects economic growth. Many individuals are certain that income inequality is unrelated to education, and the authorities need to better investigate the issue to find…

Income Inequality in Modern Society The problem of income inequality occupies a high niche in the modern economic agenda of the country. First of all, this refers to the irregular distribution of material wealth among the population. The market economy is based on the fact that income is shared depending on several factors of production,…

Economy Studying: Income Inequality Table of Contents Introduction Discussion Conclusion Bibliography Footnotes Introduction Most governments across the world have applied some of the remedies prescribed by the 19th century economists. Some of the solutions applied include progressive tax rates, low population growth rates, minimum wage rates, and educational training. These remedies appear inadequate in preventing…