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Income Inequality and Unemployment Governance in Nigeria

The different human capital stocks that every individual in a society has creates disparity in opportunity, particularly in the living environment. As the educational level of individuals raises, the ability for maximizing opportunities and, in return, income also usually increases, Muller, (2002), OECD, (2000); Abdullah et al, (2015), Yang and Qui, (2016). However, an increase in the education of an individualr’s involvement in the labor force gives them more advantage in the labor market. Thus, Park, (1996), argued that an […]

Income Inequality Due to Uneven Wealth and Power Distribution Experienced in Lagos, Nigeria

Lagos, Nigeria is home to 21 million people, making it the most populous city in Nigeria and the largest city in Africa. Lagos is home to a variety of ethnic groups with the Yoruba being their dominant ethnic group followed by over 250 other ethnic groups who migrated to Lagos from other surrounding countries as well as from different parts of Nigeria. While Lagos handles a big portion of Nigeria’s imports and goods, the majority of the population is living […]

Income Inequality between Men and Women

On April 10, 2018, women celebrated Equal Pay Day, which is really nothing to celebrate. Equal Pay Day is the annual day that marks when – finally – the average woman’s income has caught up to a man’s income. Sadly, it took an additional three months and ten days for women to finally earn what men earned in 2017. Women have been set aside from men since day one, and are still trying to catch up. It is usually assumed […]

Income Inequality Effects on Children

Income inequality is a big problem today. Not only does this impact many individuals but also, impacts children of low-income families. Children who are in poor families are at risk due to healthcare, communities and education. In addition, parents of the children are suffering due to income inequality. Many approaches have been implemented throughout the years to help rise poverty families, but change has yet to prosper. In order for children of poor families to have a successful future, approaches […]

Income Inequality in America

Income inequality relates to the disparity between the wealthy and the poor. America has the most uneven wealth and it’s growing very rapidly between the haves and haves’ nots. The primary reason as to why income is spread unevenly is because of the disparity between classes. the upper class, middle class, and lower class. This essay will discuss classes, skilled and unskilled workers, education, and cause of income inequality. The impact of the diminishing middle class is evident in the […]

Can Income Inequality be Solved?

Income inequality is the unequal distribution of household or individual income across the various participants in an economy. It is often presented as the percentage of income related to a percentage of the population. It is an inequality based on the economy. Income inequality is one of the reasons why the gap between rich and poor in America is growing. There are many reasons for income inequality such as education, technology lower economic growth, one sector dominance, and capitalism. Most […]

Gender Income Inequality

The male/female gender wage pay gap (which is otherwise called gender wage gap, male to female pay wage distinction, gender gap in pay or profit, gender wage income gap, or gender pay contrast) is characterized as the contrast between male just as female profit in pay which is communicated as a level of the male profit which females procure, as indicated by the OECD. The European Commission likewise characterizes it as the fundamental normal contrast which is between men’s just […]

AGI and Income Inequality

When you look at the form Instructions on Filing 1040, there is a lot of information that goes into filing a 1040 and taxes in general. AGI is calculated from what you list and claim as your Gross Income, therefore what you have listed as your Gross Income will affect your AGI. If your Gross Income is incorrectly given, then the AGI could be incorrect as well. When you read the instructions for filling out the 1040 form, most of […]

The Growth of Income Inequality in the United States

Introduction In the United States, income inequality, or the uneven distribution of revenue, wages, salaries, and earnings, continues to grow rapidly. Income inequality is widening the gap between the wealthy and everyone else. Distribution of income has been established as a key determinant of social mobility. Social mobility is defined as the movement of peoples between social classes in a society. Social classes most directly affect education, opportunity, and income. The income gap has grown increasingly since the 1960s, and […]

Analytical Dive into the Factors that Contribute to Income Inequality

Inequality has been a major issue across the world for centuries and has continued to puzzle economists with some reaching the conclusion that it is an inevitable by-product of a free market. Growing inequality in the last few decades has fueled various policy debates around possible solutions to this issue affecting millions of people. The Gini is a reliable measure of inequality developed by Italian statistician Corrado Gini and it ranges between both extremes represented by 0 and 1; with […]

Inequality of Income and Wealth

Income inequality has an increasing financial impact on the distribution of wealth: top income is saved at high rates, wealth concentration increases; in turn, rising income inequality leads to a higher concentration of capital income, which increases top income and wealth shares further. Income inequalities have consistently changed Americans since the American dream came true. The American Dream is founded around the concept of working strenuous and earning enough cash to provide for a family, purchase a home, being able […]

Organization and Inequality in a Knowledge Economy

In the era of knowledge economy, having a huge amount of interest in knowledge is often taken for granted. For example, accountants, programmers, physicians, architects, and financial analysts all enjoy high levels of treatment and social status. Making money with creativity is the object of envy and admiration. Thousands of people around the world work in their own garages, hoping that one day they will be like Bill Gates. Knowledge entrepreneurs have become the latest model. In the past, capitalists […]

Per Capita Income

As the world grows to become a richer place, people are making different amounts of money. Income per capita is based on many factors, which is why income differs majorly among different regions. The term income inequality is used to describe the extent to which an income is distributed in an uneven manner among a population, or simple put as the gap between the rich and everyone else (Income Inequality.). While many nations see income inequality as a major issue […]

Public Policy: Housing Affordability, Boom and Crisis

As Milligan & Tiernan have commented (2011, 391), affordable housing and its provision is “vital to economic participation and productivity”: Secure, affordable housing is essential to employment and educational outcomes and it has been an important source of investment and wealth creation, especially for Australian households who own their own homes … The promise of being able to provide affordable home ownership was especially important in shaping Australian nationhood. By 1941, over half of Australians owned their own homes, and […]

Social Mobility to Achieve Goals

Most people across the world view the United States as the premier place for climbing the ladder of success. Subsequently, people all over are searching for what we call “The American Dream”. However, studies show that the upward income mobility in the US is now less than other countries. According to Penn Institute for Urban Research, “A child born to parents in the bottom fifth of the income distribution has a 7.5% change of reaching the top fifth of the […]

Intentionally Decline Cash Payments

There are businesses who intentionally decline cash payments and they know exactly what they are doing. In an article titled How the Cashless Economy Shut Out the Poor written by Ginia Bellafante, she writes about her experience when attending a restaurant that declined her cash payment. If she did not pay with a card or apple she was forced to find food elsewhere. These companies are intentionally doing this to keep away the poor. 7 percent of American households have […]

Wages, Productivity and Employment

In the fall of 1976, the group ABBA released their hit Money, Money, Money. This song reflects on the working class individual working hard every day for what, to make money and pay the bills, fantasying what it would be like to be the rich man. Money is the driving force of our society and without money what would our world be like. Everyone wants money, everyone works for money, but are we being paid a fair dollar for what […]

Income Inequality Essays