The gap between rich and poor is increasing. What problems does it cause? What solutions can you suggest? v.2
The gap between rich and poor is increasing. What problems does it cause? What solutions can you suggest? v. 2
Income inequality has become the focus of political debate and press attention over recent years. The reason is the disparities of income distribution between rich and poor are rising. The trend of rising income inequality causes a growth of unemployment rates as well as crime rates. In my opinion, however, the problem of income gap can be solved by reducing levels of corruption, and raising the minimum wage.
Income gap creates a number of problems in society. One of these problems is the increase in crime rates, because poor people who are financially in trouble, easily commit crime in order to maintain their families. For instance, today, countries with a higher level of income inequality suffer from high levels of crime. In addition, unequal income distribution leads to the problems associated with unemployment. To illustrate, researches conducted in developing and underdeveloped countries found an association between high unemployment rates and high levels of income equality. Thus, the growing problems associated with both crime and unemployment can be considered as a result of the income gap.
To address these problems, there are a handful of effective solutions. Firstly, countries with unequal countries in terms of income suffer from high levels of corruption. If policy makers desire to reduce income inequality, they should halt political corruption. For example, South Korea, where had the highest level of income equality in 2015, has achieved to minimise the corruption rates over a period of a decade, and today the country has a lower level of the income gap compared to the given year. Additionally, raising the minimum wages is the effective way to reduce the gap between rich and poor. For instance, after Turkey raise the minimum wage (2020 TL) in 2018, the level of the income gap decreased considerably despite the fact the average income of the richest 10% of the population is still about nine times that of the rest of the population in Turkey. Therefore, government should take into account to fight against the corruption, and raise the minimum wages.
In conclusion, income inequality is a growing problem around the world. It comes with the growth of crime rates, and unemployment rates. However, the policy makers can address these social and economic problems by implementing rational laws related to political corruption and the minimum wages.
Income
inequality
has become the focus of political debate and press attention over recent years. The reason is the disparities of
income
distribution between rich and poor are rising. The trend of rising
income
inequality
causes a growth of
unemployment
rates
as well
as
crime
rates
. In my opinion,
however
, the
problem
of
income
gap
can
be solved
by reducing
levels
of
corruption
, and raising the
minimum
wage.
Income
gap
creates a number of
problems
in society. One of these
problems
is the increase in
crime
rates
,
because
poor
people
who are
financially
in trouble,
easily
commit
crime
in order to maintain their families.
For instance
,
today
,
countries
with a higher
level
of
income
inequality
suffer from
high
levels
of
crime
.
In addition
, unequal
income
distribution leads to the
problems
associated with
unemployment
. To illustrate, researches conducted in developing and underdeveloped
countries
found an association between
high
unemployment
rates
and
high
levels
of
income
equality.
Thus
, the growing
problems
associated with both
crime
and
unemployment
can
be considered
as a result
of the
income
gap.
To address these
problems
, there are a
handful
of effective solutions.
Firstly
,
countries
with unequal
countries
in terms of
income
suffer from
high
levels
of
corruption
. If
policy makers
desire to
reduce
income
inequality
, they should halt political
corruption
.
For example
, South Korea, where had the highest
level
of
income
equality in 2015, has achieved to
minimise
the
corruption
rates
over a period of a decade, and
today
the
country
has a lower
level
of the
income
gap
compared to the
given
year.
Additionally
, raising the
minimum
wages is the effective way to
reduce
the
gap
between rich and poor.
For instance
, after Turkey raise the
minimum
wage (2020 TL) in 2018, the
level
of the
income
gap
decreased
considerably
despite the fact the average
income
of the richest 10% of the population is
still
about nine times that of the rest of the population in Turkey.
Therefore
,
government
should take into account to fight against the
corruption
, and raise the
minimum
wages.
In conclusion
,
income
inequality
is a growing
problem
around the world. It
comes
with the growth of
crime
rates
, and
unemployment
rates
.
However
, the
policy makers
can address these social and economic
problems
by implementing rational laws related to political
corruption
and the
minimum
wages.
7.5Linking words, meeting the goal of 7 or more
7.5Repeated words, meeting the goal of 3 or fewer
7.5Mistakes