1. Introduction Income inequality has grown significantly during this past decades and this phenomenon continues to increase over the years. This problem is constantly discussed in the daily news all around the world. Several consequences of this increase of inequality between people leads to economic problems such as high unemployment rates, lack of work for young people, fall of demand for certain product. The gap between rich and poor is increasing, the rich are richer and the poor are poorer as a result politicians and economists try to adopt certain policies in order to reduce this gap.
This is probably related to reason one: the level of education is often proportional to the level of skill. With a higher level of education, a person often has more advanced skills that few workers are able to offer, justifying a higher wage. The impact of education on economic inequality is still profound in developed countries and cities. Although there are usually policies of free education in developed nations, levels of education received by each individual still differ, not because of financial ability but innate qualities like intelligence, drive and personal ability. Moreover, receiving the same level of education does not mean receiving education of the same quality.
Income inequalities are also influenced by other forms of economic inequality. Living standard inequalities affect social capital, and thus they affect the revenue growth opportunities. Concerning wealth inequality, they can increase income inequality because it is often possible to get in extra income from assets that you own. This is the case of apartments rented by the owner, profits and dividend from shares of a company, or bonds that lead to regularly receive the amounts applied to
This is because Malaysia’s government emphasis on education very much as education can provide skillful labor for the country’s development. Besides, In Malaysia, there doesn’t have the problem of gender disparities in education. This is because every boy and girl of the age 7 to 12 is required to receive primary education whether for public sector or private sector. Therefore there isn’t any gender disparity in receiving primary education as in India where is overpopulated and family rather send boy to school than girl as they believe boy will be the family supporter in the future. This caused illiteracy rate among women is much higher than man in India.
Moreover, this uneven distribution of wealth has contributed enormously to increased poverty and deprivation in the US. In fact, 1 in 7 Americans today experience hunger and 16 million children live in poverty. Additionally, too great economic inequality prevents the economy from growing. In view of middle-class worker’s reduction or stagnation in salaries, they have less disposable income to spend. Thus, businesses suffer and must cut costs, which inevitably leads to even more reduced revenues for
Introduction - Concept of Inequality in Educational Opportunities Globally, the movement of civil rights has been transformed to the movement of human rights. Under the microscope of examining human rights, the term ‘equality of educational opportunity’ has been put under the spotlight as one of the key aspects to improve nation’s development. Bronfenbrenner (1973) proposed that educational equity can be defined as the fairness or social justice of the distribution of education. (as cited in Jacob and Holsinger, 2008) From this, inequality of educational opportunities could be defined as the unfairness of distribution of educational related resource. According to The Glossary of Educational Reform (2016), biased or unfair policies, programs,
The negative influences of the social inequality in the United States Where do you stand on the social inequality in the United States? People of different classes will give different answers. We should admit that the United States is the most powerful capitalist country in the world, where great advances in science and technology and the development of capitalism have brought a lot of benefits, which provides a great opportunity for the United States to become the richest country in the world. This wealth, however, can’t be enjoyed by everyone. In Born Poor and Smart, the author feels that he is not worthy of success because of the inequality of class.
Inequality of wealth and income is an important and controversial microeconomic issue. The issue has become prevalent in the recent years because the prominence of the issue has gradually increased over time. Social media, urban life and proximity to one another can now see how much other people make or have. According to Wolf 2010 the bottom, 40% of the population has 0.3% of wealth while the top 20% possess 84% of the wealth. Economic efficiency can be attained by determining the desirable level of wealth inequality that will motive people to be more productive.
A publication (The Malaysian Insider, 2014) stated that the phenomenon had shows that if there is still objection to such “integrated” Chinese-medium schools. The objection is not based on ethnic segregation. There is a report conducted by The Malaysian Insider (2015) said that 10% of the more than 600,000 pupils in Chinese schools are Malay. A letter written to The Sun newspaper last year put the figure at 80,000 Malay
Inequality is as bad for the rich as it is for the poor. Society is poorer as inequality becomes greater. (Friedman, 2011) The impacts of inequality shows up in poorer health, lower educational attainment, higher crime rates, lower spending of social capital, lower cooperation with and trust of government. (Friedman, 2011) On the other hand, inequality can also mean uneven distribution of wealth, which causes the poor to become even poorer. Poverty, hunger, homelessness, illiteracy, preventable disease, polluted air and water, and most of the other ills that beset humanity, have the same root cause: the inequitable distribution of planet’s wealth and resources.