Reasons why income/wealth inequalities exist Flashcards
Unemployment 2
4.2% of the uk population, have a very limited income which is provided by the benefits system
Unemployment 2
People who are unemployed will receive job seekers allowance which equates to £67.20 per week (24 or under), 25 or over you can get up to £84.80 per week.
Unemployment 4
On uc a single adult over 23 will receive £324.84 per week. which falls well short of average earnings and as a consequence many claimants.have gone with out some essentials such as an adequate diet or healthy.
Unemployment 3
In January 2022 there were over 5.6 million people on universal credit across the uk
Low pay 1
National minimum wage (NMW) which is £10.42 an hour for these over the age of 23
Low pay 2
65.9% of children and working age adults in poverty in 2019/20 lived in families where at least one adult was working part time or more.
Low pay 3
More significant that unemployment (4%) whereas low pay impacts 5% of workers.
Insecure work 1
Zero hour contracts are very common in sectors such as retail, the care sector and seasonal working
Insecure work 2
Women in the uk are nearly twice as likely as men to be “trapped in such severely insecure jobs”.
Insecure work 3
Around 3.7 million people in the uk are estimated to be in insecure employment according to Tuc