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Economic Inequality and Social Variables

The Common Thread

            Economic inequality has a significant impact on societies. The current economy is defined by a strong economic inequality level with most people falling at the base of the spectrum, the low and the middle-class section.

Economic Inequality and Social Variables

            Economic inequality impacts various social variables such as healthcare access and education incentives. Evidently, people from the high economic bracket find it easier to access quality healthcare services in comparison to members of the lower class. The people from the high class can pay for expensive services such as cancer treatments which the poor in the country find difficult to access (Alves Pena, 2016). The situation is similar when it comes to education access. The members of the high class easily pay for their school fees in comparison to those from the low class (Baryshnikova et al., 2016). The income disparity characterized by a high level of inequality suggests that members of the high class will always be favored at the expense of those of the low class when it comes to the distribution of social aspects and resources in the society. The presented fact, therefore, harms the society since people from the lower class will always feel undermined in comparison to those from the high class. Wilkinson also indicates that people from the low and high economic class bracket will always trust each other less based on the narrative that they are competitors of social resources.

Economic Inequality in the United States

            The United States has a high level of income inequality. Apparently, the country is ranked second after Singapore indicating that the gap existing between the rich and the poor in the region is significantly high. With this, the health and social concerns experienced in the region are highly evident, establishing an unequal society. The United States has a poor social mobility level stemming from the high economic inequality. The huge gap between the rich and the poor has also resulted to increased crime rates in the region explaining the large number of prisoners in the region.

            Looking at the provided figures by Wilkinson, I am surprised that the US has the largest number of prisoners per 100,000 (Wilkinson, 2011). The value is significantly on the higher side than I expected.

 Despite the fact that some of the data presented by Wilkinson surprises me, I agree with his presentation and arguments. The society will always be affected by the existing level of economic disparity reflected by a huge gap between the rich and the poor. Moreover, I support Wilkinsonโ€™s notion that the level of trust between the rich and the poor declines due to the economic inequality, since federalist system arises in the long run. The rich will always be provided with an upper hand when it comes to accessing vital resources and social amenities which drives the poor to think that they are at a disadvantage. My thinking has changed since the discussion carried out in Module Two. Apparently, I am now convinced that the existing income disparity significantly affects the society and the distribution of resources.

References

Alves Pena, A. (2016). PIAAC Skills and Economic Inequality. Journal of Research & Practice for Adult Literacy, Secondary & Basic Education, 5(2), 17-34.

Baryshnikova, N. V., Pham, N. T., & Wihardja, M. M. (2016). Does Political and Economic Inequality Affect Institutional Quality? Economic Record, 92(297), 190-208.

Wilkinson, R. (2011). How Economic inequality harms societies. Ted Talks.

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