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.
Read more about this topic: Economic Inequality
Famous quotes containing the word inequality:
“The doctrine of equality!... But there exists no more poisonous poison: for it seems to be preached by justice itself, while it is the end of justice.... “Equality for equals, inequality for unequals”Mthat would be the true voice of justice: and, what follows from it, “Never make equal what is unequal.””
—Friedrich Nietzsche (1844–1900)