Studies have shown that in many countries the income gap between the rich and poor is ever increasing.What problems can arise from this situation and what could be done to address this situation?

Throughout the years, there have been various studies that
describes
Suggestion
describe
the difference between the
income
of rich and marginalized people. The gap between the
income
of the former and latter grows as
years
Suggestion
the years
passes
Suggestion
pass
by. With
this
change, there are many foreseeable problems that can come from different groups of people and the society as a whole.
Income
and wages differ when it comes to these main factors--social class and educational attainment. When it comes to
job
, we mostly see rich people on the top positions. They can be the C.E.O.
of
Suggestion
Of
their own company, Vice President, or
one
of the board members. They finished college, postgraduate studies, or even completed multiple courses. Because of these qualifications, they are able to land on high positions and get high
salary
. Unfortunately, some people who are part of the poor population lack the opportunity to even find a
job
. If lucky, they only qualify for certain positions
that is
equivalent to their educational attainment which is usually secondary level.
Hence
, when compared, it is evidently seen that the
income
of the poor people is lower than the rich ones. As the difference in the
income
grows throughout the years, it affects gravely the poor population. Rich people can have different sources.
Moreover
, their
salary
or profits
increase
if they do well in their
job
or
businesses unlike
Accept comma addition
businesses, unlike
in the poor ones' because most likely, the
salary
is fixed. These days, basic commodities and expenses
increase
too because of some economic factors. Rich people can easily adapt to
this
unlike the poor people. Their salaries are sometimes not enough to sustain their needs or buy what they want. Another problem is that because of lack of money, some families can't financially pay for their children's studies. Some studies show that there are many children who drop out
from
Suggestion
of
school because of financial problems. Education is
one
of the keys to having a more successful life, so if they lack
this
, it is hard for them to compete in the
job
industry.
Lastly
, due to financial restraints, discrimination between the two groups will always be there.
This
is
one
of the issues and mentalities that some people still have nowadays. Some rich people look down on poor
people which
Accept comma addition
people, which
makes the latter lose their confidence which can affect their psychological, emotional, or spiritual state. In order to avoid these problems, the government or private should evaluate the need to
increase
the
salary
of those who are in the middle and lower
heirarchy
a series of ordered groupings of people or things within a system
hierarchy
of the workplace. Indeed, salaries should be equivalent to a person's
qualifications but
Accept comma addition
qualifications, but
they should
also
consider to re-evaluate every year as the value
for
Suggestion
of
commodities and
taxes
Suggestion
tax
increase
. Aside from that, they should provide scholarship programs to children from poor populations so that they will have the opportunity to be successful too
one
day. Of course,
income
gap will still be there whether we like it or not. But through these movements, somehow it can help the poor sector strive despite it.
Submitted by lamamaoag on

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