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Social inequality usually implies the lack of equality of outcome, but may alternatively be conceptualized as a lack of equality in access to opportunity. [1] Social inequality is linked to economic inequality, usually described as the basis of the unequal distribution of income or wealth.
Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]
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).
Never mind the future – rich countries have already benefited from climate change, while poor countries have suffered dramatic economic losses.
Its population grows and the cost of labor drops. A wealthy upper class emerges, and life for the working class deteriorates. As inequality grows, a society becomes more unstable with the lower-class being miserable and the upper-class entangled in infighting. Exacerbating social turbulence eventually leads to collapse.
The fact that so much inequality comes from the labor market is a real clue that much of the answer is that policy changes intentionally disempowered typical workers in their bargaining over wages ...
Social equality is a major element of equality for any group in society. Gender equality includes social equality between men, women, and intersex people, whether transgender or cisgender. Internationally, women are harmed significantly more by a lack of gender equality, resulting in a higher risk of poverty. [12]
A number of factors may help explain this increase in inequality, not only underlying technological changes but also the retreat of institutions developed during the New Deal and World War II - such as progressive tax policies, powerful unions, corporate provision of health and retirement benefits, and changing social norms regarding pay ...
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