Social inequalities can be described as the differences in “income, resources, power and status” (Naidoo and Wills 2008, in Warwick-Booth 2013, 2) that advantage a social class, a group or an individual over another, and thereby establish social hierarchies. It also affects inequalities in regards to gender, race, access to health and education, and general living conditions. In sociology, the dichotomy between the conflict theory approach and the functionalist approach has led to a discordant opinion in regards to social inequalities. The conflict theory seems to admit that social inequalities needs to disappear in order to install a common and equal base for all individuals, whereas the functionalist approach believes that social inequalities
Effects of income inequality The impact of economic inequality affects a large part of the population in different ways. The most obvious effects of wealth inequality are that it creates social classes. The first subdivision that we can draw is that population is split in two categories: the rich and the poor. There are a variety of economic effects caused by income inequality. Wealthy people have a higher income and consequently spend less of each marginal dollar, which caused the economic growth to slow.
DISADVANTAGES Long term financial development puts an awful effect on the inhabitants of any nation. Long term economic developments may be identified with expansion, as inflations may increase. Inflations usually increase the cost of products on sale, and as the costs are higher, it will be an issue to the nationality in question to be able to buy their needs There is a limited amount of time involved in the growth of an economy as it involves an increase in GDP. The hypothesis and practice are both diverse. The hypothesis is the thing that economists are able to figure out for themselves; however, to be able to use the hypothesis in reality is the main task.
Gender Inequality Gender inequality is a characteristic of social structure according to which different social groups (in this case men and women) have certain differences resulting in unequal opportunities. Gender inequality is associated with social construction of masculinity and femininity as oppositional categories with unequal social value (Ferree, 1999). One of the main problems in gender theory is the problem of dominance. Together with race and class gender is a hierarchical structure that could to provide both opportunities and oppression (Ferree, 1999). Gender inequality can exist in different forms, depending on culture, region, religion and other factors.
It is considered here the unbalanced power, occupation, race, teaching in schools, etc. In this topic, I will more likely emphasize the social classes which causes inequality to the society and poverty. Social classes are set or groups of people in the society in which category they belong such as upper class, middle class and lower class. What made social inequality exist? One reason is the poverty that comprises of the lower class.
The rich people have some mystical power that you cannot understand without proper knowledge. T Harv Eker helps you to get that knowledge so that you will change your ways and get the millionaire minds. Wealthy people have that mindset and that is the main reason why they could become wealthy. Way of thinking could make great differences in your life. What separates the wealthy and successful people from the rest of the population is their millionaire mindset.
Immigrants and poor works worked together to increase the wages. The rich wanted to ensure in maintaining their power and wealth, leaving the others in terrible circumstances. “The purpose of the state was to settle upper-class disputes peacefully,control lower-class rebellion, and adopt policies that would further the long-range stability of the system”(Zinn, 238). Always, the wealthy and powerful have control the lower class, creating discriminatory laws. These laws that have been created is beneficial to the rich.
So to summarize my understanding of the simplest way to describe the causes of inequality are; rent-seeking activity and the rise of The Predator State, then tax policy, macroeconomic policy, corporate governance and regulation, or lack thereof, decline in unionization, globalization, technological change, and finally, education. These are all due to the failure of government to regulate capitalism. And because of this we have a super wealthy upper
The division of classes is based on cultural, economic, and social differences, and it greatly affects the general behavior and actions of each character. These struggles between social classes roughly resemble a real-life conflict during this
Neoliberalism is the main cause of the difference between the rich and the poor in the states. It expanded the market efficiency by competitions between individuals, raised a gap between the rich and the poor. Rich people are becoming much richer based on their original properties while poor people are becoming poorer and suffer great economic problems in their lives. This does not only happen between individuals but also between companies. The unemployment rate increased because of neoliberalism.