Causes of Inequality
There are many reasons for economic inequality within societies. "The single most important driver has been greater inequality in wages and salaries(OECD 2011-12-05)." These causes are often inter-related. Acknowledged factors that impact economic inequality include: greater inequality in wages and salaries (highly skilled workers earn more than others); wealth concentration; labor markets (globalization; technological changes; and policy reforms); more regressive taxation and tax loopholes and shelters such as tax havens; increasing education costs; computerization and increased technology; racial inequality; the gender pay gap; and nepotism.
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Famous quotes containing the word inequality:
“However energetically society in general may strive to make all the citizens equal and alike, the personal pride of each individual will always make him try to escape from the common level, and he will form some inequality somewhere to his own profit.”
—Alexis de Tocqueville (1805–1859)