What is the definition of poverty: the lack of a minimum set of prerequisites for maintaining an adequate level of material well-being; poverty includes such factors as limited opportunities in the labor market due to the differences in the level of wages and material well-being. This category should be considered in detail in essay on economic inequality.
Another important feature of the poor category is their ability to spend too much time on their own improvement. The fact is that a person can’t do anything else but waste time. There is an effort to turn every disadvantage into economic, contented and constructive.
Nowadays, it is easy to observe the example of a low-wage worker. The fact is that all low-wage workers experience and work conditions are part of the problem, and the external conditions play a significant role. The phenomenon of spare time is especially relevant for young families with children. As a rule, they also apply for the free professional help. There is a pronounced advantage in this situation: the sons and daughters are the most unprotected category of the population, since they have more opportunities to earn money.
But the situation is changing and the factors leading to this shift do not necessarily have a seasonal character. The minimum wage rates are already higher than the real wages, and the benefits granted by the workers exceed the desires of the middle class. The tendencies of inflation are particularly noticeable in the social sphere, in particularly, in agriculture, where, in order to earn the minimum wage, it is also necessary to take into account the interests of the entire society, particularly the elite.
So, in order to fight poverty and inequality, you may consider working on an essay on the causes and effects of political and economic inequality.
Review of material capital as socio-economic category for income inequality essay
The tendency of economic inequality is sometimes defined as the imbalance of incomes of a few people. In reality, this concept is much broader. It should be understood as the amount of the distributions of economic resources, the income of public and state organizations, the level of the social stratification of society.
There are several categories of income inequality:
Examples of other social groups include:
From the point of view of economic inequality, these components are of particular importance: the middle class is one of the most important social groups, because it is a “shelter” for a society. You may push forward the following proposal in an income inequality argumentative essay: the quota of earnings and consumption together with the rest of the population is used by the middle class to meet the daily needs of members of the population.
The middle class is a “shelter” for a society. Through its activity, it provides the material and spiritual goods of a modern society. The activity of the middle class is associated with the development of a national economy, the alteration of the ideological orientation of society, the replacement of the concept of the family as the primary social institution, the increase in public awareness, social mobilization of the masses, the popularity of other kinds of U.S. ideology (not related to the traditional Christian paradigm), in particular, the Declaration of Independence ideology.
Mention in “How income inequality affects the American dream?” essay that the revolution in the United States took place in the spring of the 18th century. The departure of the “atlestracism” philosophy is directly related to the experiences of the lower strata of the population, which, in turn, was the cause of the process of economic imbalance in the United States.
The economic imbalance, as a consequence of the strengths and weaknesses of each of the social groups, is manifested, in particular, in the differences in the level of income and economic activity of representatives of these groups, their willingness to accumulate wealth.
The income inequality is usually recognized as the most important social, economic, political and economic phenomenon, since the indicators of the income inequality are characteristics of the average member of the population, the conditions of his activity and position in the social hierarchy, etc. In the theory of income inequality, the following types of indicators are of great importance: