Inequality And Economic Inequality

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Inequality of Opportunity Inequality today is one of the most significant problems that America faces. According to Inequality.org in 2015 Household income of the top 0.1% of the population gained $6,747,439 while bottom 90% of the population got $34,074 (Inequality.org). The gap between incomes only continues to grow every year, which requires a change in social and economic policies of the country. However, it should be remembered that economic indicators can tell about working conditions, living conditions, nutrition, education of representatives of various groups of the population, but they can not show a picture of the realizability and opportunities to be successful in life for different groups of the population. That is why at the end …show more content…

Therefore, during the heels of respondents, attention was paid not to economic indicators of prosperity, but to the fact that all respondents differed from each other by such indicators as age, gender, education, ethnicity, religion. It is clear that Inequality of Opportunity and Inequality of Income intersect, but the main difference between these types of inequality can be explained as follows: Income Inequality depends on the efforts of a person, his or her work, while Inequality of Opportunity depends on external circumstances that a person can not influence (Molinas). At present, two approaches to Inequality of Opportunity are distinguished. One of them is called meritocratic and believes that people who make the same choice and apply the same effort should receive the same feedback (Molinas). The second one is called egalitarian, and its main idea is that outcomes should not depend on indicators and be equal (Molinas). Roemer actively developed this theory (Molinas). According to the scientist, there is no possibility to be sure that certain decisions made by a person were a consequence solely of her or his efforts, and not a consequence of errors and inequalities in the system. Following precisely this type of Inequality of Opportunity, one can expect that the respondents feel inequality in access and quality to education, the medical sphere, the labor market, living

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