The gap 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 fund distribution between the rich and the poor. Unequal distribution of wealth is one of the common problems faced by developing nations. Linking Words
This
can lead to poverty. Linking Words
For instance
, fertile farmland.The wealth of Linking Words
this
type is zero-sum.Economic disparity not only affects the lives of the people, but Linking Words
also
hinders the overall economic development of a nation. If we look at the problems caused by Linking Words
this
phenomenon, we will find a number of issues.
One of the main problems caused by unequal distribution of wealth is that education has become inaccessible to the poor. Nowadays quality study has become very expensive. There is a list of schools and colleges which are very costly and not within the reach of poor people. Due to Linking Words
this
, these people are not able to compete for high paying jobs and it becomes a fundamental disadvantage for them.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. Linking Words
For instance
, when the supply of labour is high and demand for working force is low, the wages for the few available job opportunities will be as well low. Another important issue is the expansion in crime rates. As marginalized groups most often do not make enough money to meet their basic needs, they resort to heinous acts like burglary, theft etc.
Linking Words
Although
these issues are critical, it is possible to find solutions. In fact, there are various instances where solutions have been provided by the government itself. Linking Words
First
of all, several low-income groups cannot afford education. Linking Words
Thus
, governments must expand learning and employment opportunities for poor and ensure every person in the country is educated at least until undergraduate, by allocating appropriate funds. Individuals and companies can Linking Words
also
contribute some amount for Linking Words
this
purpose from their personal income.It should provide scholarships, which will help people from the poor section afford a quality discipline and give them a fair chance to compete with rich people. Linking Words
In addition
, authorities should encourage and endeavour entrepreneurship among underprivileged sects. Linking Words
For instance
, it has introduced many schemes to empower the poor. Linking Words
Secondly
, the employment awareness should be increased among the poor.The government can reserve some jobs for the poor to ensure their well-being.
To sum up, the differences between the rich and the poor is widening and has created many problems like an expansion in crime rates. Linking Words
However
, if the authority exercises enough political willpower, it is possible to solve these problems.Linking Words