Causes of Inequality
There are many reasons for economic inequality within societies. "The single most important driver has been greater inequality in wages and salaries(OECD 2011-12-05)." These causes are often inter-related. Acknowledged factors that impact economic inequality include: greater inequality in wages and salaries (highly skilled workers earn more than others); wealth concentration; labor markets (globalization; technological changes; and policy reforms); more regressive taxation and tax loopholes and shelters such as tax havens; increasing education costs; computerization and increased technology; racial inequality; the gender pay gap; and nepotism.
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Famous quotes containing the word inequality:
“Nature is unfair? So much the better, inequality is the only bearable thing, the monotony of equality can only lead us to boredom.”
—Francis Picabia (1878–1953)