What Is Economic Inequality?
The unequal distribution of income and opportunity between different groups in society is referred to as economic inequality.
2 min readJun 19, 2022
It is a problem in practically every country, and many individuals are locked in poverty with few opportunities to rise up the social ladder.
Several causes have contributed to the rise in economic inequality in the United States. Technological change, globalization, the demise of unions, and the declining value of the minimum wage are among them, in no particular order.
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Economic inequality can also be defined as the disparity in the allocation of assets, wealth, or income among individuals or populations. The disparity among individuals and groups within a society is the most common use of the phrase, but it can also refer to inequality across countries.
