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America is considered the most hit country in a term of unequal access to resources and health services. [22] One of the reasons for their highest number of cases and deaths is their worst average healthcare standards among the major developed economies. [19]
For the top 21 industrialised countries, counting each person equally, life expectancy is lower in more unequal countries (r = -.907). [5] A similar relationship exists among US states (r = -.620). [6] 2013 Economics Nobel prize winner Robert J. Shiller said that rising inequality in the United States and elsewhere is the most important problem ...
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
Similarly, one cannot argue that Western epistemology is unjustly promoted in non-Western societies if one believes that those epistemologies are good. [20]) Therefore, those who disagree with cultural relativism and/or constructivism may critique the employment of the term, cultural imperialism on those terms.
The Gini coefficient is a number between 0 and 1 or 100, where 0 represents perfect equality (everyone has the same income), while an index of 1 or 100 implies perfect inequality (one person has all the income and everyone else has no income).
Spatial inequality refers to the unequal distribution of income and resources across geographical regions. [1] Attributable to local differences in infrastructure, [2] geographical features (presence of mountains, coastlines, particular climates, etc.) and economies of agglomeration, [3] such inequality remains central to public policy discussions regarding economic inequality more broadly.
This property says that richer economies should not be automatically considered more unequal by construction. In other words, if every person's income in an economy is doubled (or multiplied by any positive constant) then the overall metric of inequality should not change. Of course the same thing applies to poorer economies.
Old age may benefit one in such positions, but it may also disadvantage one because of negative ageist stereotyping of old people. On the other hand, young people are often disadvantaged from accessing prestigious or relatively rewarding jobs, because of their recent entry to the work force or because they are still completing their education.