What is a definition of poverty. For some countries in Africa, the minimum level of income is lower than the corresponding one in the North American level. The proportion of the poor among blacks is lower than among whites, and the gap in the wages of women is smaller than for men.
On the one hand, international agreements on juvenile labour standards are violated. The work of kids is common for adults, but this phenomenon exists in such-and-such countries as the United States, Italy, Hong Kong and Singapore. On the other hand, there is a conscious refusal of many employers to employ children (or teenage sons) and the process of promotion (for example, high school graduation) is restrained by the need for labour, strict limitation of working conditions and the existence of accompanying families.
There are important progress which can be described in essay on teenage labour
Many interesting facts about the teenage work life are presented in the statistics on income inequality for income inequality research paper. In 2013, the average teenage work worker in these countries was paid $8.25 per hour, and the earnings of the youngest workers are even higher.
In India, the teenage work is a compulsory duty of schoolchildren and students. The earnings of teenage workers are 2.5 times higher than earnings of other groups of workers.
Nevertheless, the pay of teenagers is not identical with the wages of other workers. The wages of teenagers (excluding children and youth) are 2.5 times higher than earnings of other workers.
Like other OECD countries, in India, the minimum wage is established in the state sector and it is regulated by law. In India, it is also a requirement of law to regulate the wages of minors.
However, the practice of reward substitution (the sale of non-essential services) is widely observed. So, it may be stated in poverty and income inequality essay that, in comparison with the previous generations, the first generation of teenagers worked at a household level. In the second generation, private firms were established, which provided the need for economical stability and also contributed to the standard of living. The third generation consisted of enterprises with predominantly state ownership. All these groups benefited from economic growth.
There were contrasts in the dynamics of the process of the accumulation of wealth and, especially, in the sphere of professional activity. In the period of the early 20th century, the very concept of wealth was stilled. Only the wealthiest had the opportunity to enjoy it. All others had to work at the expense of others.
The change in the balance of wages was manifested, in fact, in the process of social mobility. The status of the poor often was unstable. Low-wage workers could not compete with high-class specialists. And this was explained by the configuration of the labor market, which, in turn, was the cause of social stratification.
The evolution of the labor market was speedily observed. In the 1920s, the wages of American workers were more than three times higher than the incomes of European workers. Just in one year, the average income of a US worker was 14.5 times higher than the earnings of Chinese. It’s worth stressing in the income inequality essay that, in comparison with other countries of the world, the United States spent less time on the social ladder than in Europe. And it is not even close.
The functional status of the middle class in the United States, unlike other countries of the world, was created primarily by the dynamics of economic development. The lower class accumulated excess resources which were necessary for its growth. The middle class took all this excess energy and gave it the power to dominate the society.
The initial stage of the economic development of the United States was the industrial revolution which matured in the post-revolutionary decades and gained strength after the Anglo-American War of the 1890s. The process of industrialization was gradual. The share of the labor force employed in industry was lower, the share of industrial production in the economy has decreased. The share of the labor force engaged in agriculture has decreased. The share of agriculture in the economy has decreased. The number of farms decreased. The number of people employed in agriculture decreased.
The middle class reached 60% of the population. As of the beginning of the XX century, the middle class was well-to-do. But over time, the situation of the poor has changed. The income of the middle class has decreased. The number of people employed in agriculture is 2.8 times lower than the number agricultural workers.
There were 70 million Americans in the lower class. And there were 15 million of them in the upper class. The concentration of the middle class in the population was 12.7 times higher than the number agricultural workers.
American entrepreneurs flooded the market with their workers. As a result, the wages of American workers have grown significantly. In the 1920s, the average income of the highest 1 percent of wage workers was $590, and the wages of the middle class were $286. Clearly, the economic imbalance has decreased.