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Poverty & Inequality, Research Question: Effect of Poverty on Children…

- - - - Definition: Economic inequality is the unequal distribution of income and opportunity between different groups in society. It is a concern in almost all countries around the world and often people are trapped in poverty with little chance to climb up the social ladder.
        
        Why does economic inequality exist
        
        Global Trade: Some countries benefit more from global trade, while others lose jobs and money, making inequality between countries.
        
        School and Skills: If you can go to a good school and learn a useful set of skills, you are likely to be able to make more money. Not everyone has the same opportunities.
        
        Rich Get Richer: People who already have money can invest their money and make even more money, making the gap between rich and poor wider and wider.
        
        Who is responsible for most cases of economic inequality?
        
        Government (Rules that are unfavorable for the less fortunate)
        
        Schools (Different levels of education)
        
        Large companies (Underpaid workers)
        
        Wealthy individuals (Rich get richer)
        
        Where does economic inequality happen most?
        
        Economic inequality happens more on developing countries than developed countries. This is because of a few limiting factors such as limits to education, unequal access to healthcare, limited job opportunities, lack of infrastructure, etc.
        
        Significance of the Issue: What makes economic inequality so significant?(Harmful effects of economic inequality)
        
        Higher crime rate
        
        Limited social mobility (going up the social ladder)
        
        Limited progress
        
        Education gap
        
        Slower growth
        
        Wasted potential
        
        Less opportunities
        
        Overconsumption by the wealthy leading to environmental damage
        
        How can the government promote economic inequality?
        
        Equal opportunities
        
        Supporting small businesses
        
        Progressive taxation
        
        Promote safe working environments
        
        Equal healthcare
        
        Create better infrastructure
        
        Fair wages
        
        Help people who are in need
        
        Better Schools
        
        When did economic inequality start to become a significant issue
        
        Economic inequality started to become a big problem a long time ago, when some people began to have much more money and resources than others. This happened due to historical events like slavery and colonization. Over time, these differences in wealth and opportunities grew, leading to the economic inequality we see today.
        
        Perspectives on economic inequality
        
        Local:
        
        After conducting an interview, my interviewee had a few things to say about economic inequality in our home country of Surabaya. "You can feel the effects that economic inequality has in Surabaya in particular. The gap between the rich and the poor spans so largely that it is almost uncomprehensable. Unfortunately, our city is a perfect description of rich gets richer and this is something that our government need to fix in the coming years".
        
        Global
        
        Economic inequality can be described in many different forms. One of which and maybe the most famous is the term "Rich get richer" which basically mean what you think it means. Rich people get more money faster than poor people. One example of this concept is India. The richest man in India, Mukesh Ambani has a net worth of almost 100 billion USD. Meanwhile, the GDP per capita of India is at a mere 2400 USD. This large gap is because of unfair economic inequality in India.
        
        National
        
        Economic inequality in Indonesia can be largely felt throughout the country. Cities such as Jakarta and Surabaya has it much better off than less developed cities. For example, the minimum wage in Surabaya as of 2021 is around 4.3 million IDR. Meanwhile, the minimum wage in a city such as Banyuwangi is almost half of what it is in Surabaya. This causes a large difference in living standards and serves to show the effect of economic inequality between these 2 cities.