Coming Up With Solutions for Economic Inequality

Introduction


Economic inequality is an emergent phenomenon that has attracted the attention of a wide range of professionals including economists. It can get described as the classification of the gap in various measures of economic well-being among individuals in a group, groups in a population, and countries in a region. Some of the measures widely used by economists in their study of the phenomenon include wealth, income, and consumption levels. In some areas, inequality has gotten described as the cause of societal upheavals including petty stealing and political uprisings (Ianchovichina, Mottaghi and Devarajan).
Proposed measure of eliminating inequality

As a phenomenon that showcases itself on a mass scale, efforts to address inequality should start at the formative stages of an individual. If society makes high-quality childcare and education available to all people irrespective of class or religion, there can be marked differences regarding closing the gap between the wealthy and poor, those who find research papers for sale and those who can't afford it.

Why the measure will reduce inequality

The proposed intervention encourages society to address the issue of unequal access to economic opportunities. By having the state take over the function of childcare, many resources are free for use in other endeavors including investments and the beneficial use of time. Children are also freed to take up the much more pressing issue of education which earns them skills that enable them to compete effectively in the labor markets. When the issue of healthcare burdens get addressed early, the focus in the minds of the deprived shifts from what one lacks to what one does with the opportunities available. The effect of such a mind shift in various classes of society would mean that people get to complete by their natural talent and attitudes towards work as opposed to entitlement to resources.

Views: 228

Comment

You need to be a member of finnishcanadian.com to add comments!

Join finnishcanadian.com

Events

Videos

  • Add Videos
  • View All

Forum

Nordic Goods Online Store - FinnGoods 1 Reply

Shop your favourite Finnish and Swedish products at FinnGoods at www.FinnGoods.com. We are located in Langley, BC and ship…Continue

Tags: Fazer, Salmiakki, Licorice, Lakritsi

Started by FinnGoods Sales in Buy, Sell & Trade. Last reply by FinnGoods Sales Apr 22.

Bringing a piece of Finland to North America – The FinnGoods Story 1 Reply

With so many new followers here on Social Media, we would love to introduce ourselves!FinnGoods is a family operated small business (est. 2012) located in Langley BC, Canada. We were both born and…Continue

Tags: Kahvi, Licorice, Varrasleipä, Finntoast, Halva

Started by FinnGoods Sales in Buy, Sell & Trade. Last reply by FinnGoods Sales May 28, 2022.

Family

Genealogy going on with me. I'm looking for information about a person: Name: Jenny Ojalehto Luonua. b.10 Jun 1903. Pennsylvania. Parents: Herman Luonua and Maria Rapinoja Luonua.Continue

Started by Jouni Salminen in Miscellaneous May 29, 2021.

Tietoja enostani etsiskelen 1 Reply

Tietoja enostani Erkki Linnala etsiskelen . Thunder Bayssa ilmeisesti viimeiset päivänsä viettänyt. Riverside Cementeryyn haudattu.Yleensä kiinnostaisi missä päin asustellut? Erkki oli syntynyt…Continue

Started by Jouni Palonen in Miscellaneous. Last reply by Jouni Palonen Dec 12, 2019.

© 2023   Created by Kanadan Sanomat.   Powered by

Badges  |  Report an Issue  |  Terms of Service