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Summary Week 5 final 1 .docx Gen 499 Poverty and Income Inequality Gen 499 General Education Capstone Poverty and Income Inequality Could we all picture a future in which everyone earns the same amount of money, regardless of their abilities or the sort of$7.49
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Summary Week 5 final 1 .docx Gen 499 Poverty and Income Inequality Gen 499 General Education Capstone Poverty and Income Inequality Could we all picture a future in which everyone earns the same amount of money, regardless of their abilities or the sort of
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Week 5 final 1 .docx Gen 499 Poverty and Income Inequality Gen 499 General Education Capstone Poverty and Income Inequality Could we all picture a future in which everyone earns the same amount of money, regardless of their abilities or the sort of work they do, and there is no poverty? Alth...
week 5 final 1 docx gen 499 poverty and income inequality gen 499 general education capstone poverty and income inequality could we all picture a future in which everyone earns the same amount
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Gen 499
Poverty and Income Inequality
Gen 499 General Education Capstone
Poverty and Income Inequality
Could we all picture a future in which everyone earns the same amount of money,
regardless of their abilities or the sort of work they do, and there is no poverty? Although it is
possible to conceive a society in which everyone is treated equally in terms of income and
poverty, we know that this is not a realistic scenario. In today's world, the necessary skills and
education to accomplish certain occupations is more expensive than most people can afford. I
will examine the research and analyze how poverty and income inequality are intimately related
as they continue to harm our society. Low Income children face more challenges than children
from middle to high income families. We will be on the right path to solving this problem if we
focus on generational poverty as well as economic and political institutions.There is a need for
study conducted in order to give lower class people greater opportunities and education. This
research might aid in understanding where the underlying difficulties are (i.e., lack of education,
lack of skills, pay per capita, nation or region, etc.) and how we can generate excellent work
possibilities for individuals in specific locations where they are not easily available.
Background Information
Poverty and wealth inequality are two of the most prominent global societal challenges,
but no actual cause has been established to explain why this is happening in so many areas and to
so many individuals all over the world. Some feel the cause is financial instability, business
closures, or the fact that the amount of people in a certain location do not have enough work to
support them. Many causes are assumed to be a direct cause of poverty and economic inequality,
but this paper will focus on how study is needed to establish which factors are assisting this
worldwide societal issue. It is vital that we, as a global community, can come up with a strategy
, for improving our society and lifting people who are poor out of poverty. Many well-known
experts in their professions have attempted to identify feasible elements that influence societal
concerns such as income disparity and poverty, in order to aid in the elimination of these
difficulties. Though these experts have investigated and attempted to formulate useful equations
for addressing societal concerns, they have barely scratched the surface of the many complicated
layers of poverty and economic disparity. These two problems are intertwined, and if one isn't
resolved, the other will perish. A great example of the above statement is the elimination of
income inequality from society, which would eventually eliminate poverty from society (Nasir &
Mridha 2017).
Many researchers have discovered useful information in a variety of countries and
economies around the world. Their research enables us to see how different lifestyles and living
standards affect societal issues such as poverty and income inequality. For example, in an article
written by Saleem, Z., and Donaldson, J. A. (2016), four major poverty-reduction pathways were
identified by studying 15 different countries using the same four categories: industrialization,
rural development, social welfare, and petroleum-generated employment. Though these are just a
few of the areas that need to be researched in order to better understand and eliminate poverty
and income inequality, their studies allowed them to collect data that will aid in policy changes
regarding employment and development.
Societal Issues: Poverty and Inequality
Income inequality is one of the primary sources of wealth disparities that separate our
societies based on wealth classes in the United States and many other nations across the world.
Inequality is determined by several factors, but some of the most important include
unemployment rates, low earnings, and the cost of living in certain places. The wage level does
not allow families to live comfortably in light of the increasing cost of living. With the economy
always shifting up and down, certain necessities such as mortgage or rent, food expenditures, and
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