Many people say that
the gap between the rich and poor sections of the society keeps increasing, as
rich people keep getting richer and poor people keep getting poorer.
What problems could
this cause and give measures to address this issue?
Give relevant
examples.
Ever rising income disparity is driving a
wedge between the haves and have-nots. This has alarmed many social theorists
and economists: this could predispose
society to several challenges, as per them. There is a need to explore plausible
mediums to mitigate these challenges.
Widening gap in the levels of incomes of the
elite and the destitute is leading to unwarranted consequences: there is an
agreeable tension between the wealthy and impoverished class today, which is
leading to jealousy. As the fault lines become more prominent, a mistrust among
classes seems to be simmering. Consequently, there could be class struggles
that may further precipitate into civil unrest and violence.
Furthermore, another impact of disproportionate
distribution of wealth is also believed to be a major cause of increase in
crime. As the desires of those, who lack resources, continue to rise – when
they observe the prosperous class enjoy
the exploits of riches – they often resort to crime, in order to, fulfill those
demands. This is a serious cause of concern: this might lead to deterioration
of law and order in the society.
To overcome the challenges posed by unequal
distribution of money, society must act fast. Governments need to usher in new
policies that promote modern social and economic structure. Supporting poor
with monetary assistance, like minimum wages and subsistence money, can go a
long way. Besides this, certain non-monetary measures can also play a major
role in mitigating resulting challenges: ensuring employment and free education
and health services to the impoverished might also go a long way.
To sum up, the disproportionate distribution
of wealth in the society is surely an issue to be taken seriously. However,
even though not a panacea certain steps,
if applied judiciously can mitigate the challenge posed by ever increasing
divide.