In many countries there is a widening gap between the rich and the poor. What do you think are the causes of this? What solutions can you suggest? Give reasons for your answer and include any relevant examples from your own knowledge and experience. Write at least 250 words.

The disparity between the rich and the poor has moved to the extreme ends over the

last

decade. The rich have continued to gain more money and grow richer while the poor have remained poor. It depicts the inequality in income distribution between the rich and the poor.Unequal distribution of wealth is one of the common problems faced by developing nations.

This

creates a significant rift between the wealthy and the poor and leads to many social problems. Economic disparity not only affects the lives of the people, but

also

hinders the overall economic development of a nation. The ministry should always strive towards minimizing

this

gap

. If we look at the problems caused by

this

phenomenon, we will find a number of issues. There are various reasons for the increasing

gap

between the rich and the poor in the society. In most cases, these reasons are related. Research study on

gap

b

etw

Suggestion

the gap

een the rich and the poor affirms that; culture, innate capability, globalization, education, labor

mark

a social class comprising those who do manual labor or work for wages

labour

ets, reforms on taxes, government policies, change in technology, gender, racism and differences in wages and incomes as the main causes. The difference in the wages and salaries is the core reason for the growing

gap

between the rich and the poor. The job salaries are indomitable by the supply and demand in the commercial market.

For instance

, when the supply of labor

is h

a social class comprising those who do manual labor or work for wages

labour

igh and demand for working force is low, the wages for the few available job opportunities will be as well low.

Besides

the market related factors that affect the differences in the wages, initiatives facilitated by the gover

nment

Accept comma addition

government, such

such

as tax reforms and policies can

also

result to increase or decrease in inequality. Social scientists and policy developers argue on th

e

Suggestion

about

efficiency and effectiveness of the inequality regul

ations stra

Suggestion

regulation

tegies. Some of the governmental distinctive initiatives which can minimize the difference between the rich and the poor involves; educating the public that enhances the skills of the work

force supp

the force of workers available

workforce

ly in order to minimize the wage difference related to education factors. The implementation of tax refor

ms prog

Suggestion

reform

rams which will impose relat

ive high

Suggestion

relatively

er taxes on the rich compared to the unfortunate will be very significant in regulating income differences within the society. Establishment of minimum income legislative initiative will assist in enhancing wages for the unfortunate labor

ers. An

someone who works with their hands; someone engaged in manual labor

labourers

initiative to subsidize product prices will enable consumers to purchase goods and services at relatively low prices. These initiatives will proof

to b

be shown or be found to be

prove

e very vital in reducing the

gap

between the rich and the poor within the society. In general, the situation in which only the rich continues to be rich can be reduced in not solved through emphasizing more on education, investing in human capital and econo

mical lite

Suggestion

economic

racy. The problem has been there for ages and the

gap

seems to widen by the dawn of each new day.