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Income Inequality In Thailand Essay

1475 Words6 Pages

Income inequality is the “defining challenge of our time”, with a higher number of people struggling in work just to get by with pay no more than what they receive a decade ago, while some unemployed due unequal opportunities that exists as said by current president of the United States of America, Barrack Obama (Warren, 2014). “A State divided into a small number of rich and a large number of poor will always develop a government manipulated by the rich to protect the amenities represented by their property.” (Laski, 1967, p. 157). This can be applied to Thailand where poverty in Bangkok is at an all time low of just 1% while more than a fifth of the population in the North and northeast are poor (Zachau, 2013). Thailand would be a better nation if people have the same opportunities and were treated the same way. This could be achieved if the Thai government legislates to distribute income evenly as it will help the economy to grow, increase opportunities and social status of the lower class.
To start with, income inequality has a negative impact on economic …show more content…

Unequal opportunities are one of the main causes of income inequality, as it entail social costs such undermining education and limit career options (Hazledine, 2010). The poor simply can’t compete due to the uneven playing field, and the rich capitalizes on this by using their position at the top to exploit the poor for their own gain, which is beyond what they need to sustain, this is called rent seeking, such as in health care, doctors take advantage of patient’s lack of knowledge to perform small procedures themselves rather than have a nurse perform so they can charge more (Tendler&Freedheim, 1994). So having government policies such as subsidies in education and healthcare like Obama care for instance can help eradicate these

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