Friday 11 April 2014

Economic Inequality and its link to Societal Problems

https://www.youtube.com/watch?v=cZ7LzE3u7Bw




Statistics present a strong argument when they are read into. If people are not familiar with them the Ted talks are a series of short talks given in Laymans terms for idiots like myself seeking a greater understanding of major problems. Above is one I linked to in which Richard Wilkinson,an epidemiologist gives evidence from his book, The Spirit level that there is a direct correleation between income gaps and social harm. The larger the income gap then the more problems there is at social level. Social harm was taken to mean things like infant mortality, obesity, drug use etc. In Sweden and Finland and Japan where income inequality between groups is less than those of Britan and the US, this has lead to lesser problems in Scandanavia and a hell of a lot of issues in the UK and USA.


Above is a sample of the graphs and how they relate. The x axis represents the Income Inequality going from left (low income inequality) to right (high income inequality). On the Y axis is social problems faced by those . The countries are plotted according to their income inequality and social problems. Ireland ranks about centre but US and UK and Singapore have large income inequality and thus large social issues.

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