Post by account_disabled on Feb 18, 2024 23:53:11 GMT -5
Economic inequality is the different distribution of income, assets or well-being among the population as a whole, as explained by the Organization for Economic Cooperation and Development (OECD, 2018). Economic inequality is a deep mark that is taking away the basic rights of global citizens. It affects us all! Not acting is not an option. We must put a stop to it and start helping others . Find out how it affects you and stand up to it today! New call to action "economic desigualdad" What do we understand by economic inequality? A quick definition of economic inequality would be to say that it consists of an unbalanced distribution of wealth and economic income among the members or groups of a community, as Wikipedia explains . But we are not going to entangle you with definitions about economics. We prefer to offer you some data from the report An economy at the service of the 1% by Oxfam Intermón: 99% of the world's population has less wealth than the wealthiest 1% of the planet's population. In 2015, 3.6 billion people in the world had the same wealth as 62 rich people. Economic inequality translates into a very disparate availability of economic resources among individuals in society. And with such a discrepant distribution of wealth, the gap between rich and poor individuals, and the opportunities of both, is increasing. Let's put more figures to this situation! How is inequality measured? As indicated in the report “An economy for the 99%” by Oxfam Intermón, the best-known method for measuring it is the Gini coefficient: If the score is 0, there is complete equality.
The score is 1 (or 100), a single individual owns everything. That is to say, the smaller the Gini, the lower the inequality, and the larger it is, there is an increase in inequality. Organizations such as the United Nations or the World Bank use the Gini coefficient to assess existing inequality. You can consult it on the website of this last institution. [cta_hubspot id=24578] Origin and causes of economic inequality The differences between the levels of income, capital or assets between one person and another are evident, and even worse, it is increasingly abysmal, as we will see throughout the post. But what is the origin of economic inequality ? It is not easy to pinpoint an exact Asia Mobile Number List moment when some began to be richer and others poorer. However, we can find the seeds of economic inequality in the beginnings of industrialization. His arrival introduced social and economic transformations. The benefits and progress of the industrial era did not benefit society as a whole equally, nor did all countries have the same capacity to take advantage of these new advances. Can you imagine why? Seven causes of economic inequality It is not a question of income and capital. Economic inequality is associated with other types of inequalities, and together they increase the danger of falling into marginalization. Current disparities are an obstacle to people's rights and well-being, that is, they hinder social justice. They prevent social mobility or access to education or healthcare under equal conditions.
What are the causes of economic inequality? Let's look at seven of them. "desigualdad-economic-causes" The globalization It makes the global economy more integrated and, for example, facilitates practices such as the outsourcing of services. This means that companies can outsource their staff to other regions, such as developing countries, and demand low-skilled profiles. The result is the elimination of jobs and the creation of others with poor conditions and salaries. [cta_hubspot id=24578] The emergence of technology New technologies can create a career and wage gap because they benefit personal skills and contribute to production. Thus: Those people who know these tools and know how to use them will be able to take advantage of their possibilities because new job positions associated with them are created (creation of mobile applications, community management, augmented reality experiences...). There will be people who lose their jobs because their work may be replaced by new technologies. On the other hand, those who perform non-routine, but more creative, functions will not suffer this relief. As a consequence, incomes between people will be very unequal . The distribution of wealth The Global Inequality Lab 's 2018 Global Inequality Report explains how economic inequality is linked to this issue. Since the 1980s there has been a transformation in the ownership of wealth: it has moved from the public to the private sphere. This has caused public wealth to be negative or close to zero in rich countries, while national wealth (public plus private wealth) has increased.