Income has always been used as a significant determinant of quality of life in the world. It consists of earnings from salaries, wages, self-employment, and capital investments. Income does not involve the value of homes, stocks, or other personal belongings. Access to basic needs in life is tied to what someone earns. It determines the well-being of individual and families where those who make little money have limited access to basic needs. On the other hand, people who earn enormous income have unlimited access to basic needs and more (Solt 1270). Those with high income have a high disposable income, which allows them to invest and gain more money. The lowly paid have low income, which inhibits their ability to expand their wealth and increase the quality of life. The disparity in the level of income is what is termed as income inequality. Despite being labeled one of the wealthiest nations in the world, the United States of America also experience income inequality among its populace.
Income inequality refers to the disparity in the distribution of income between individuals in a particular shared economy. The difference in income levels brings other forms of inequality, such as political power and social status. Income inequality can be measured using the Gini coefficient, which compares the cumulative proposition of the population versus the cumulative proportion of income they receive (Saez and Gabriel 519). There exists a vicious cycle of income inequality, where the rich continue getting more income while the lowly paid remain in poverty. Several reasons cause income inequalities in an economy. Education has been used to determine the amount of money a person earns. People with a high level of education are perceived to be more qualified, and hence, they get paid highly. Those with a low level of education or illiterate are seen to be less skillful; thus, the low income received (McLoyd 592). The labor market also causes income inequality. In a free market, the amount of wages and salaries are paid according to the market demand and supply of labor. In a situation where there is a high demand for labor, the workers will be paid high wages. On the other hand, the workers will receive lower wages where the supply of labor is high, and the demand is low. The use of technology has also contributed to the increase in the level of income inequality. Technology has replaced most of the human labor and rendered a large number of the population in New Jersey jobless. The job market also witnesses disparities in income based on gender. In the United States of America, women earn less salary compared to their male colleagues on a full-time basis. However, women who work in part-time jobs make more compared to their male counterparts
Income inequalities do affect not only individuals but also the country as a whole. The living standards of people living in a country are affected by income disparities. The access to basic needs such as healthcare, housing, and food is determined by per capita income. Those with a high level of income live in the most lavish places while the low-income earners live in abject poverty. The difference in social status leads to increases level of crime in the country (Dabla-Norris et al.). The poor will try to steal from the rich class for survival purposes. The United States experiences a rise in the level of illegal businesses due to income inequality. The poor engage in illegal businesses to liberate themselves from the chains of poverty, while the rich engage to maintain their social class. The level of income inequalities has been on the rise in the United States since the 1980s. Income disparities witnessed is spurred by race age and gender, among other social factors (Milanovic). Erosion of wages to the less educated workers has been the main causes of income inequalities, which have led to a decline in real wages. The decline in real wages is triggered by a reduction in the number of manufacturing jobs and growth in the service industry that pays minimum wages. Globally, political instability and environmental degradation has been linked to the existing income disparities
The existence of income inequalities is unhealthy for any country that seeks to grow its economy. It is advisable for any country experiencing income inequality to confront the matter and iron out the difference. Although there is no particular solution to income inequality, nations should employ multiple programs and policies to reduce the discrepancies in income. The governments are advised to address the matter of inequalities without diminishing the prospects of wealth. Income inequalities can be reduced by setting a legal minimum wage for the workers (Dabla-Norris et al.). If the governments set the minimum wages required to pay workers, the level of income inequalities would reduce drastically. It also requires the government to regulate the maximum amount of money paid as wages for high earners. The government can also use fiscal policies such as taxes to address the issues of income inequality. Increasing access to education can also address the issue of income inequality. When a high number of people have access to education and skills, they will upgrade to a higher pay grade hence reducing the income gap. Economies are also advised to put in place policies that would address unemployment in the country (Milanovic). Employment-related policies will strengthen collective bargaining power and full employment schemes that will address income inequalities
An ideal state is where the government can meet the basic needs and welfare of its people. Addressing the issues of income inequality will ensure that the country grows economically. The government has a task to ensure that its people are educated and equipped with the necessary skills for employment and innovation (Saez and Gabriel 519). Making colleges and education programs more affordable would increase the number of skilled people and reduce the level of income inequality. It would also be wise for the government to strengthen the labor unions to fight for the welfare and rights of workers. This approach will ensure that the welfare of the majority of the people, who are lowly paid is addressed. Government focus on developing and investing in the welfare of the people will address inequality and promote economic growth.
Get Professional Assignment Help Cheaply
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Why Choose Our Academic Writing Service?
- Plagiarism free papers
- Timely delivery
- Any deadline
- Skilled, Experienced Native English Writers
- Subject-relevant academic writer
- Adherence to paper instructions
- Ability to tackle bulk assignments
- Reasonable prices
- 24/7 Customer Support
- Get superb grades consistently
Online Academic Help With Different Subjects
Literature
Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.
Finance
Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.
Computer science
Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!
Psychology
While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.
Engineering
Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.
Nursing
In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.
Sociology
Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.
Business
We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!
Statistics
We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.
Law
Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.
What discipline/subjects do you deal in?
We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.
Are your writers competent enough to handle my paper?
Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.
What if I don’t like the paper?
There is a very low likelihood that you won’t like the paper.
Reasons being:
- When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
- We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.
In the event that you don’t like your paper:
- The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
- We will have a different writer write the paper from scratch.
- Last resort, if the above does not work, we will refund your money.
Will the professor find out I didn’t write the paper myself?
Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.
What if the paper is plagiarized?
We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.
When will I get my paper?
You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.
Will anyone find out that I used your services?
We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.
How our Assignment Help Service Works
1. Place an order
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
2. Pay for the order
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
3. Track the progress
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
4. Download the paper
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!
