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The first reason for income inequality is because of differences in wages/ salaries.

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For example, the wages of unskilled catering workers will be much lower than for lawyers, this can be explained using economic theory.Left side = McDonalds workers (W1)Right side = lawyers (W2)The supply of catering staff is quite elastic because no qualifications are required.Demand for labour depends upon the Marginal Revenue Product =MPP *MR How to order a public administration research proposal asa single spaced academic · Need to order an agriculture thesis double spaced business 121 pages / 33275 words · How to order a math homework double spaced 3 pages / 825 words standard · How to get writing help psychology report one day vancouver 70  .

Demand for labour depends upon the Marginal Revenue Product =MPP *MR.

The demand for catering staff is quite low because the productivity of a worker in McDonalds is not too high; they do not add too much to total profit of a firm Income Inequality essays What is income inequality? According to McConnell and Brue, authors of Microeconomics the 14th edition, income inequality is the unequal distribution of an economy's total income among persons or families.

This would encourage them to stay on the programs instead of getting a job.However, the supply of lawyers is quite inelastic because it is difficult to get the necessary qualifications.This limited supply means firms have limited numbers of workers qualified to work as a lawyer.This inelastic supply means workers can easily bid up wages.

Also, firms will be willing to pay lawyers more, because a good lawyer can effect the productivity and profitability of a firm significantly; for example, if a lawyer wins a case, it could result in a £million payout.Therefore firms are willing to pay higher wages because they have a high MRP Income Inequality in the United States - America prides itself on being one of the most successful democratically governed counties.The idea of the American dream is that all citizens have equal civil liberties and a responsive government.However the effectiveness of democracy is being threatened by increasing inequality .Income inequality essays Those with no wealth, will get no income from shares / housing or savings.

The biggest cause of poverty in the UK is unemployment.

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Unemployment benefits are quite low, therefore, if you have no job then your income will be much lower than those who are in employment.Job seekers allowance is roughly £60 a week, this is significantly lower than average wages of around £450 a week.Economic inequality - paul graham There are other groups of people who rely on state benefits and these will tend to have lower incomes, e Harvard double spaced 52 pages / 14300 words Proofreading.Economic inequality - paul graham There are other groups of people who rely on state benefits and these will tend to have lower incomes, e.

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This is higher than unemployment benefit, but still lower than average wages Here is an essay plan for a question on inequality.Discuss the extent to which fiscal policy alone can reduce income inequality.Low income inequality in countries such as Sweden, Finland, Slovenia (all have Gini of less than 0 should i buy a precision production trades essay double spaced Editing US Letter Size.Low income inequality in countries such as Sweden, Finland, Slovenia (all have Gini of less than 0.3 and a Palma Ratio of less than 1); UK income inequality has been declining in recent yearsyunclillos.com/essay/should-i-buy-a-precision-production-trades-essay-double-spaced-editing-us-letter-size.3 and a Palma Ratio of less than 1); UK income inequality has been declining in recent years .nurses and council workers tend to have wages lower than comparable jobs in the private sector; the government is more reluctant to increase wages of public sector workers.

Also, poorly paid jobs are often found in the service sector, e.there are many part time jobs in catering and cleaning which pay close to the minimum wage of £6.In recent years, there has been a growth in part-time, temporary work.These service sector jobs tend to be lower paid than old manual work in manufacturing Distribution of income refers to the relative incomes that people have within an economy.For example, in the UK the poorest 10% of people have roughly only 2.

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Unskilled workers have seen lower wage growth in the past two decades.In the UK, there is a degree of underemployment – people who would like to work full time, but find themselves on zero-hour contracts, where there is no guarantee of a certain number of hours.Causes of income inequality economics essay - uk essays In the past two decades, we have seen a decline in the strength and density of trades unions; this has been a factor in increasing wage inequality Income inequality essay Precision production trades Essay Buy excellent writing assistance on nbsp.Causes of income inequality economics essay - uk essays In the past two decades, we have seen a decline in the strength and density of trades unions; this has been a factor in increasing wage inequality Income inequality essay.

Income inequality is an important issue in the USA.

There exist many factors which are assumed to drive income inequality: discrimination, social differentiation, the impact of geographic location and neighborhood, etc.Income inequality is high in the developed countries, and the processes of .EvaluationOne factor to consider is not just the income people receive but their living costs best websites to get a religious studies dissertation 50 pages / 13750 words US Letter Size College Senior.EvaluationOne factor to consider is not just the income people receive but their living costs.For example if you have high rent and transport costs, this reduces your disposable income and reduces living standards best websites to get a religious studies dissertation 50 pages / 13750 words US Letter Size College Senior.For example if you have high rent and transport costs, this reduces your disposable income and reduces living standards.Though this question only asks about income inequality.

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