China has experienced vast economic reforms which have extended since 1978 and have been accompanied by an indisputable income inequality. The economic growth bolstered by widespread industrialization has significantly reduced China’s poverty level. However, income inequality has taken a fast-paced upward trend beyond levels experienced...
Income inequality can be described simply as the income gap between the richest and the rest. It has increased in the UK over the past 30 years and has been concerned as an economic problem, which brings economic instability instead of growth and social problems....
The inequality involves different dimensions in the global, for example, income inequality, gender inequality and racial inequality, etc. The widening income inequality is a decisive challenge of our time. The gap between rich and poor has reached its highest level in decades. According to the...
This film happens in 2008. During that time, the world had a big economy. In 2011, the Wall Street has a big revolution and demonstration. Breaking the serious gap between the rich and the poor in the US society. The film explores the causes of...
What is Income inequality? It’s the study of the percentage of the discrimination of a group and or section of people based on background. First, statistics show that the average income of a person usually depends on a few things. For example, in most work...
Regarding macroeconomic challenges in Europe, the issue of income inequality is at the center of discussion in many areas in contemporary society and serves as an integral part of developed economies. In fact, from the economic point of view income inequality is widely viewed as...
Introduction Income inequality has been on the rise in recent years, Carmen Reinicke of CNBC found that the top one percent of earners in the United States took home an average of 26.3 times more than the bottom 99% of earners in 2015, which is...
Why should minimum wage be raised? It is a never ending debate in the United States. A lot of people wish that Virginia would raise the minimum wage. The minimum wage in Virginia is $7.25, and to some people that is not enough to provide...
Minimum wage has been a continuing problem in the United States and it’s something everyone faces. In the essay “serving In Florida” by Barbara Ehrenreich the author goes undercover at a neighborhood cheap food cafe referred to as Jerry’s to research life as a manual...
Minimum wage in California currently is about ten dollars to fifteen dollars an hour, depending on amount of employees working for a company, for example. That much money an hour sounds like a dream, which is what most think when they compare the current minimum...
Have you ever started your day off in your parents’ home really wanting to move out but can’t? Because you can’t afford to pay rent let alone the basic necessities for yourself. In this essay I am going to discuss the debate over Florida’s minimum...
This essay will be focused on the issue of homelessness. Homelessness is a term in which many can have their own option on. Vijay K Mago’s definition in the article “Analyzing the impact of social factors on homelessness: a Fuzzy Cognitive Map” was the most...
In late 1999, the Wall Street Journal reported that Coca-Cola Company was working to develop technology that would enable its vending machines to price products based on demand, increasing prices during major events such as hot days, or lowering them when it made sense, such...
Did you know that 1% of households in the US produced more than 25 times what a family in the 99% did? Income inequality between the rich and the poor has been happening since before the Great Recession, a period of time that general economic...
You and your friends are playing the game of who can build the most houses in a set amount of time. The rules are simple: Everyone starts out with the same amount of given money. With that given money you can buy supplies to build...
Introduction Economic inequality is an existing phenomenon in the economy, which refers to the gap between the rich and the poor. Like dividing a cake, every piece of cake held by people is not equal, so inequality occurs in this process. It is easy to...
America’s Wealth Gap is bigger than ever before in history. Income inequality is a problem not foreign to the American people. The gap between the wealthy and the negative literally has irrefutably extended over the past five sort of many years and continues to effectively...
There are many researches made on the relationship between the income inequality and the growth by economics. Inequality can be considered from many perspectives: economic, social and political perspective. In resolving this problem distinguish economics used empirical and theoretical overview as well. Lack of regulations...
Economic inequality has been a major subject of discussion over the past few years, by academic circles, political spheres and the popular press. Kulkarni and Matin-Bekat (2009) suggest that as inequality applied to income and economic inequality, is a very complex issue; economists, sociologists, and...