Section 2: Reasons For Wealth Inequality Flashcards
This essay will discuss…
unemployment and low income; education and ethnicity; cost of living and type of household
What is the conclusion
concluding that unemployment has the biggest impact.
Unemployment explain
This means that a person has been unable to attain a consistent source of income and employment.
Unemployment example
For example, there were 2,652,000 Scots in work, down by 31,000 on the January to March figures. Scotland’s employment rate now stands at 74.2% - lower than the corresponding rate of 75.7% for the UK as a whole.
Low income explain
This means that, despite being employed, people are not being paid enough to meet the cost of daily life.
Low income example
For example, the minimum wage is currently £10.42 per hour for workers aged 23 and over.
Education explain
This means that someone who has received little or very poor quality education will likely suffer wealth inequality in the UK.
Poor education example
For example, people with no qualifications are almost 40% likely to live in poverty compared to 11% of people with degree level qualifications.
Ethnicity explain
This means that someone from an ethnic background is more likely to be discriminated against compared to white people.
Ethnic example
For example, approximately 35% of Bangladeshi and Pakistani workers live in ‘in-work poverty’ compared to 12% of white workers.
Cost of living crisis explain
This means that with the increased cost of day-to-day living, many people have been unable to pay their bills and afford food.
Cost of living example
For example, overall inflation - the rate at which UK prices rise - surged to 10.1% last month and is expected to climb further.
Type of household explain
This means that the number of workless people living in a household will greatly impact the cost of day-to-day life.
Type of household example
For example, single parent households are nearly 2x as likely to live in poverty compared to 2-parent households.
