One of the social issues concerning power, status, and class in American society today is income inequality. The income gap between the social classes has increased drastically throughout the last few decades, creating a significant gap between the wealthy and the poor. This gap has become so ...
Park Won Suk, who leads a civic coalition that promotes more social equality, calls the issue a "time bomb" that "threatens to blow up the entire Korean society."Income disparities are common everywhere in this age of globalization. But the speed and scope of the trend in South Korea h...
"Rising income inequality is not just a social issue," said Gabriel Petek, the S&P credit analyst who wrote the report. "It presents a very significant set of challenges for the policymakers." Stagnant pay for most people has compounded the pressure on states to preserve funding for education,...
If economic growth were found to reduce happiness inequality, then the beneficial effect of economic growth (as a promotor of social harmonization of well-being) would be proved. The positive association between economic growth and happiness inequality has been addressed in many previous studies. For...
The economy is being transformed by digital technologies, especially in artificial intelligence, that are rapidly changing how we live and work. But this transformation poses a troubling puzzle: these technologies haven’t done much to grow the economy, even as income inequality worsens. Productivity...
problem could be a roadblock to deploying Al. “We're talking about disruption,” she says. “These are transformative technologies that change the ways we spend our time every day, that change business models that succeed.”...
The Issue In President Obamas State of the Union address he stated income inequality as the biggest problem facing the future of the world. Income inequality is defined as the unequal distribution of wealth throughout a group’s population (Inequality). Inequality is a natural side effect of a...
The city of Detroit, Michigan, in particular, is a proud and hardworking place that’s fallen on some tough times due largely to the loss of a once-thriving automotive industry that took many jobs with it. Combined with a history of high crime rates, and racial and income inequality, Det...
available to all. Consequently, assessing equality has to focus on the inequality of social status/class, i.e. the equality in the relations among members of a population. This assessment is rarely done beyond reporting inequalities in money and, to a large extent, in health care and health ...
For the true believers in laissez faire economic policy, the recent and ongoing national discussion over income and wealth inequality probably seems like it was started as a cynical ploy for those on the left to gain a political advantage. After all, if rising inequality is a problem, you ...