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"Outline the causes of income inequality in the UK and evaluate the measures that could be used by the UK government to achieve a more equal distribution of wealth"
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A report in anatomy of economic disparity in the UK scrutinizes the level of more inequality display for over thirty years. The paper may create an uncomfortable interpretation for the labor government though it signposts that a considerable obligation lies with the Tories who led the intense divisions in 1980s and the early 1990s (Summit 2010, page 27-63).
Changes in the income distribution, where individual earnings change in time, thus affecting the high and the low income earners in the UK (Incorporating one society 2012, page 12-32). Those in public sectors fail to experience wage increase thus largely affected by income distribution.
Difference in wealth, that is, people who own assets like rental houses earn extra income, those who inherited money may set up an industry with a likelihood of high incomes thus differing from the poor and those unable to generate capital for the creation of wealth.
Unemployment causes poverty in the UK as the benefits of unemployment are rather low. With the lack of a job, the income tends to lower, unlike those in employment. The pensioners experience low incomes, especially those relying on the state pensions have an income below average wage (Summit 2010, page 27-63). The single mothers and those on a disability allowance rely on the state benefits and tend to have low incomes. Those working in public sectors have wages lower than the comparable jobs in the private sectors as the government relaxes in the salary increase.
Education is a key factor to income inequality. As the parents grow professionally, their children may tend to acquire better and more academic qualifications, unlike the uneducated parents who may disregard the importance of quality education for their children, thus leading to income disparity (Summit 2010, page 27-63).
One of the measures includes government investment in the private sectors. Investing more in the private sectors, lead to the creation of employment. Thus, it reduces the chances
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It follows that under conventional economics, the equilibrium wage rate of labour can be inferred as a function of differential productivities or differences in labour’s preferences between work and leisure given the disparities in wage rate across gender, race, ethnicity or localities.
Income distribution can be viewed from two different functional perspectives. The first is the functional approach and the second one is the size. The functional approach relates to the distribution of income among factors while the second one, size relates to the distribution of income among individuals.
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and Scott, G., 2012).
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ignificant sociological issue in UK.1This paper delves on the research question that seeks to establish the link and impact of wealth inequality on health status of UK citizens.
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