generated from a gap has been the major determinant of violent behavior. Typically, income inequality has a strong correlation with mass violence, and the higher the level of income inequality, the higher the probability of mass violence and political revolution. In 2010, a 26-year-old grocery vendor set himself ablaze in Tunisia because the police confiscated his goods. The event took place in a depressed area of Tunisia where the youth unemployment was more than 40%. The uprising occurred on the following day making a large proportion of the population to protest violently. The issue had the traits of a revolution with the aim… Continue Reading...
to seem possible.
As Kiersz (2015) shows using data from the St. Louis Fed, income inequality has gone up considerably over the past 40 years. The top 1% in the country have seen their paychecks grow exponentially while the working class wages have barely moved. Meanwhile, food prices, health care, education, homes, cars, stocks, bonds—virtually everything has gone up. The wealthy can afford them, but the lower classes have to borrow or work two jobs just to maintain the status quo—and it is getting harder and harder to do that as inflation continues to be seen across the board, though wages for the middle… Continue Reading...
in the West (O'Leary, Gonzalez & Valdez-Gardea, 2008).
One negative effect that is touted quite a bit when it comes to globalization is income inequality. While even the United States is prone to being the brunt of such an argument (in its own way, of course), the same thing applies to Mexico when it comes to some scholars and their research. One set of scholars that look at this question include Borraz and Lopez-Cordova (2007) and their recent study on the subject. Specifically, they… Continue Reading...
people die of exposure to cold and the stock markets in most countries loses two points. According to Pope, income inequality is becoming unbearable to the extent that while some people are throwing food away, some people are starving. Pope believes that the free market capitalism has led to the economy of inequality and exclusion, and it is time for policymakers to change the way they approach capitalism. It is time for capitalists to pursue profits ethically, and rejecting exploitation.
Analysis of Pope Francis' concerns is related to the issues about the oppression of masses in the Book of Amos. During "the reign of Uzziah in the southern kingdom… Continue Reading...
2013). This can be explained by a number of factors including by the fact that income inequality is rising in the United States and officials want to give people at the lower socioeconomic levels a fair opportunity to earn good wages. Further, as far as self-selection is concerned, it can be explained by the fact that the process of migration to the United States is an expensive one and the people most likely to take the initiative to go through the whole process are skilled workers with enough money to afford the process. This reality fits perfectly with the Roy model of self-selection (Abramitzky &… Continue Reading...
