Reflection

Penny’s reflection of inequality and poverty

Throughout this topic my attitude towards poverty and inequality has changed. Before studying this I associated economic growth and GDP with greater living standards and thought that countries that had higher economic growth enjoyed a happier society. However now I realise that growth is inextricably linked to inequality, in fact some of the worlds most… Continue reading Penny’s reflection of inequality and poverty

Government Intervention · Uncategorized

Government Policies to deal with inequality

The possible policies governments may use to reduce inequality: A higher national minimum age – This would be an effective way to increase the incomes of low paid workers and incentivise the unemployed to seek work, in turn this would reduce wage inequality. However it could potentially lead to greater unemployment has firms may not… Continue reading Government Policies to deal with inequality