ipl-logo

Income Inequalities In Singapore Essay

1154 Words5 Pages

Introduction
The aim of this essay is to investigate the research question “What are the patterns of income inequalities in Singapore and why do they exist?” In the last ten years, one of the most unequal countries in terms of income has been Singapore, an island located in South East Asia. The Prime Minister of Singapore, Lee Hsien Loong, summarizes this phenomenon accurately during his Presidential Address Debate in 2011; "In the last ten years, Singapore 's income inequalities have been increasing to a point where it has become one of the most unequal countries in the world in terms of income.” I believe that this topic is highly worth investigating as Singapore’s economic, social and political development has been moving at a remarkably …show more content…

This process forces students into different academic "streams", which are essentially different difficulty levels and learning paces. "Special", "Express", "Normal (Academic)" or "Normal (Technical)". Students who are in the "Special" or "Express" streams have more academic ability; therefore there are high chances of these students going into Junior College to do 'A ' levels and to obtain a tertiary education. Students who are in the "Normal" streams (both academic and technical) are more likely to attend the ITE (Institute of Technical Education), which also has a very large income gap. It is also important to note that Singaporeans are not allowed to attend international institutions unless they have been granted special permission from the Ministry of Education. This information suggests that the streams segregate and place students into different occupations, which either give them lower wages or higher wages. The action of placing students into the “Normal (Academic)” and “Normal (Technical)” streams may benefit them by accommodating to their academic performance, however it gives students no choice to go above and beyond in terms of occupation. Pundarik Mukhopadhaya, an Associate Professor of Economics at the University of Macquarie and author of the book “Income Inequality in Singapore” explained this phenomenon in a personal interview, claiming it is “the result of an increase in population share in the higher earning groups, where educational attainments are higher, and due to the income disparity within the same educational groups – not between education groups.” (Mukhopadhaya,

Show More
Related

  • Summary Of 35 Soul-Crushing Facts About Economic Inequality

    775 Words  | 4 Pages

    Economic inequality is the uneven distribution of wealth and differences in economic security found in each individual in a specific country or region. Today, the topic is being discussed profusely by the American presidential candidates and by many writers around the world because of the beliefs of whether there should or should not be wealth redistribution policies put into action. Larry Schwartz, the author of “35 Soul-Crushing Facts about American Income Inequality”, makes a valid claim that economic inequality is the foundation of the problems that the entire American population face such as poverty and a hindrance of economic growth. To begin with, Schwartz has an exceptional argument that the high rate of economic inequality, like is

    Read More

  • Alethea Spiridon Generation Debt Analysis

    1060 Words  | 5 Pages

    Student loans pose as a suitable way out of this issue as it provides a pathway for those of lower- or middle-class to pursue further education; however, this puts the individual in serious financial debt. The author effectively suggests that since the individuals who choose to pursue higher education will ultimately use that knowledge to help their society then society should realize the value of education and fund any associated costs. Everyone should have fair financial access to post-secondary education so that it is not deemed a “luxury good”. All individuals ultimately have the same cognitive competencies therefore one individual should not be restricted to certain “lower class” profession solely due to financial

    Read More

  • Paul Krugman Confronting Inequality Summary

    1158 Words  | 5 Pages

    Throughout his article, he speaks about education. “The Upside of Income Inequality” makes two basic points to support the conclusion noted in the title of the article. First, the correlations between educationa and income; that the value of a college education has risen as income inequality has risen. And second, that therefore the rate of Americans who attend college has increased. The article provides multiple graphs that correlate different principles with education and income.

    Read More

  • Income Inequality In The 1920s Essay

    657 Words  | 3 Pages

    The distribution of incomes and wealth in the 1920s and now are diverse but similar in several ways (Ucsc.edu). A person’s wealth is determined by what they own, not including any debts. A person’s income is how much money one may make on a job or money someone obtain. Income inequality is real and has affected people for many years, and it is still occurring currently. The distribution of wealth in the 1920s earned the name roaring twenties due to the sustained prosperity, new technology advancements, and exciting culture (Shmoop.com).

    Read More

  • Student Debt Argumentative Essay

    901 Words  | 4 Pages

    There is many people that go to college, but because of the cost they don't get through college. The elevated costs of college cause not only students to struggle paying for college, but also to struggle financially paying for college when they are done. In many cases, after graduating, young adults who don’t find a job will become poorer, increasing the gap between the rich and the

    Read More

  • An Analysis Of Andrew Delbanco's Essay 'Making It In America'

    1388 Words  | 6 Pages

    Delbanco explains how students have changed their reasons for attending a college when he states, “...yet on the assumption that immersing themselves in learning for the sheer joy of it, with the aim of deepening their understanding of culture, nature, and, ultimately, themselves, is a vain indulgence” (222). Secondary education has become too expensive for learning to be an indulgence. Students only go to college to get a degree in order to gain a high paying career. Davidson explains how dire the situation with low paying job is by saying how the process should work, “Only through productivity growth can the average quality of human life improve” (339). Unfortunately, the productivity growth only leaves a bigger pay gap.

    Read More

  • Sociological Approach To Social Inequality Essay

    1195 Words  | 5 Pages

    Present at least two different sociological approaches to social inequality and discuss these approaches with reference to a concrete problem area of contemporary relevance. Social inequality can be found in various aspects of society, the question is if inequality is only caused by the lack of economical estate or if other reasons are underlining it. This essay argues how Max Weber distinguishes between social class and strata and how one often leads to the other. Furthermore, it presents Pierre Bourdieu’s notions of habitus, capital and fields as an explanation of how people can achieve different social statuses within different fields because of their capitals. At last, the two different sociological approaches to social inequality is used to analyze the case of non-traditional students at Australian universities and how they are socially disadvantaged compared to traditional students because of their lack economical support, language skills, educational skills and social relations.

    Read More

  • Wealth Inequality In America Essay

    598 Words  | 3 Pages

    There are people who work 40 hours a week and are still in poverty; this is a highly prominent issue. The uneven distribution of wealth, known as wealth inequality, is a problem that plagues not only America but also the world. With wealth inequality, there are two main issues and one solution to those issues. The problems are that the wealth in America is unevenly distributed and there people in America who work 40 hours a week and still have very little money. Wealth inequality is the root of all problems faced in America.

    Read More

  • Income Inequality In America Essay

    449 Words  | 2 Pages

    3.1 How income inequality affect on people live in America. The income gap in America affects people, who live in this country. The issue has a strong impact in America’s society; in particular, the nutritional disparity between rich and poor people. In USA, the food gap becomes the top signal for the class distinction, but it used to be clothing or fashion. The food inequality in America is not only influencing the poverty, it is also cost hundreds of billions of dollar per year because of Non Communicable Diseases (NDCs) (Ferdman, 2014).

    Read More

  • Economic Inequality In America Essay

    856 Words  | 4 Pages

    America prides itself on being one of the most effective democratically governed counties. The idea of the American dream is that all people have equivalent political freedoms and a responsive government. However the effectiveness of social equality is being threatened by increasing inequality in the United States. Economic inequality in the US has expanded drastically. The wealth gap has had drastic changes over the past 35 years.

    Read More

  • Examples Of Racial Inequality In Education

    733 Words  | 3 Pages

    Martha Peraza SOC 3340 Inequality in Education California State University, Bakersfield Abstract In the United States, there exists a gap in equality for different demographics of students. The factors contributing to educational disadvantages include socioeconomic struggles, gender of students, language or culture, and particularly for the scope of this paper, race.

    Read More

  • Analysis Of Social Inequality In The Film Good Will Hunting

    1413 Words  | 6 Pages

    Introduction Social inequality means the unequal distribution of income, unequal access to education, opportunity, wealth and power in a society. It goes hand in hand with the social stratification. It is feature is the exist the inequality of opportunities and rewards for different social statuses within a group or society. There are two points to measure social inequality is including the inequality of conditions and the opportunities for each people.

    Read More

  • Social Inequalities In Education Essay

    732 Words  | 3 Pages

    Home assignment #3 Educational system reflect social inequalities. And my analysis include sociological conflict theory like a key. And economical factor that affect educational, professional and social progression. Social conflict theory sees social life as a competition and focuses on the distribution of resources, power, and inequality. Social conflict theory is a macro-oriented paradigm in sociology that views society as an arena of inequality that generates conflict and social change.

    Read More

  • Essay On Wealth Inequality

    1815 Words  | 8 Pages

    Introduction All over the world, there is an obvious contrast between the living standards and lifestyle of the rich and the poor. Moreover, there is a large gap between the populations of poor and wealthy. This is known as the Wealth Gap, and it is caused by Wealth Inequality. Wealth Income/Inequality is defined as “The unequal distribution of assets within a population.” Wealth is defined as more than just the amount of income a person has, but instead the value of a person’s assets.

    Read More

  • Poverty And Inequality Essay

    1971 Words  | 8 Pages

    Inefficient policies all around the world and especially in our country are contributing to problems in the society. And the biggest problem which the world faces today is the problem of “Poverty” and “Inequality”. It is hard for one to determine whether poverty causes inequality or is it the other way around because both these problems are interrelated. Poverty is something which is caused due to transferring wealth in to the hands of a specific group and the unjust policies of the government. And inequality is discriminating a person in all spheres of life which gives a rise to sense of deprivation.

    Read More

More about Income Inequalities In Singapore Essay

Open Document