INCOME INEQUALITY

FACTS

100

What is income inequality?

The uneven distribution of wealth through society

200

How does income inequality affect economic growth?

Its slows the process of economic growth down by increasing poverty and unemployment

300

.What are the negative effects of Income inequality?

Increase in poverty, unemployment, and crime rates

400

The key economic problem and how income inequality is making many people depressed from not being able to survive anymoreHow does the media portray Income inequality?

The key economic problem and how income inequality is making many people depressed from not being able to survive anymore

500

What is another name for Income Inequality?

Wage gap, Wealth income differences, Wealth disparity

CAUSES

100

How do taxes affect Income Inequality?

A regressive or progressive taxing system can either reduce or increase income inequality

200

How does education affect Income Inequality?

The more education a person receives the better chance of them succeeding and making more money

300

How does discrimination affect Income Inequality?

Being a member of minority group and immigrants/undocumented migrants as they suffer particularly from discrimination and racism and have less chance to access employment

400

How does family size affect Income Inequality?

large families and lone parent families tend to be at greater risk of poverty because they have higher costs, lower incomes and more difficulty in gaining well paid employment

500

How does Unemployment affect Income Inequality?

limits access to a decent income and cuts people off from social networks

Income Inequality

100

What percentage of wealth does the top 20% earners in Singapore earn?

About 75%

200

Around what time period did Income Inequality start becoming an issue?

1980's

300

What other issues does Income Inequality cause?

Poverty, Unemployment, Depression, and Increased crime rates

400

Which races suffer the most due to income inequality in America?

African American and Latino

500

what is diversity of preferences?

the choice of being able to work or to be able to relax

Solutions

100

How does taxing the rich at a reasonable rate lessen the wage gap?

They could use that money from the rich and use it to fund programs to help the poor or for a better education

200

How does raising the minimum wage decrease Income Inequality?

Increasing the minimum wage would allow people to make more money and help pay for bills and necessities without having to work multiple jobs.

300

How does giving workers a voice in their companies affect Income Inequality?

Help the companies decision, and have more control over the money they make

400

How would increasing the tax on the rich create problems over the issue?

The wealthy would argue and try to find a way around paying the taxes and would not give back to the economy

500

What are three possible solutions to lessen the gap between rich and poor?

Taxing the rich at a reasonable rate, Raise the minimum wage, and Give workers a voice in their companies

Fun facts

100

What is today's date?

14th June 2020

200

What can Kieran do that Ms Darlene cannot do?

Score many field goals in basketball

300

What sport did Ms Darlene play in JC?

Hockey

400

What can Ms Darlene do that Kieran cannot do?

Swim :)

500

What day is the biggest living mammal on earth today?

The blue whale is 30 metres long