Income Inequality

Income Inequality also known as economic inequality or wealth and income differences. This basically is when people earn different incomes, and that create rich and poor people. Income helps people to exist in life, that's why people have to work to earn it, but the social is more develop now, that's why there are a lot of different income and people thinks it's unfair. Income inequality often presented as the percentage of income to the percentage of population. So how does the problem goes?

Due to the statistics....

• The total wealth of 7 billion people in the world is amounts to be 241$ trillion.
• In that,1% of the richest owns 46% -or 110$ trillion- of the wealth.
• And the bottom 50% owns less than 1%-or 1.7$ trillion-of the wealth.

You can see in the social life, CEO always make a lot of money a year mean that time workers only get maybe a part of the CEO did. For example, in Vietnam, some small CEO might get 500 millions/ month, but the income of the workers is only between 2-10 millions/month.This due to the stage of education, people with the higher level of education will have more opportunities to work as a CEO.

Government are trying to fill the gap between the richer and the poorer.According to Seth Klein, director, CCPA BC, he points out some solutions such as reform labour laws to make unionization easier; strengthen and enforce employment standards so that vulnerable workers are paid that they are owed; stem the use of temporary foreign workers and ensure workers coming from other countries have full workplace rights, equal pay, and gain landed immigrant status; and ensure workers have access to employment insurance and welfare when in need, so that they are free to push for better pay and working conditions.In addition, we can fix this problem by mainly develop the education of people, fix the tax system, make more benefit for the lower stage of people, equal the income for workers, create better conditions for people to work, open the charity for poorer people and give them opportunities to work and make money.