Essay on ¬an Inevitable Consequence of Economic Growth Is Increasing Inequality

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An inevitable consequence of economic growth is increasing inequality. Do you agree or disagree with the assertion?
In the world we live in today, it is quite obvious to see that inequality is a growing consequence of economic growth. In this essay I will discuss how inequality affects states and the individuals living in the state. There are increased demands for educated workers; dependence of technology; privatization of markets; and the rise of capitalism which have led people to have drastic socioeconomic differences in wealth and lifestyle.

Inequality in the economic sense is the difference in distribution of wealth and income between the people of a population, or even the difference in wealth between states. Though it is an …show more content…
Though it helps with these aspects, labor wise it “plays a central role in the drama of inequality, and seems to be making the situation worse, not better” (Birdsall, 77). This is because as use of the computer becomes the main system of operation, jobs requiring employees to use computers grows as well. Unskilled workers are overlooked and replaced by skilled workers who are able to productively use technology in order for businesses and corporations to progress (Birdsall, 77). Having a higher education also has its payoffs, as they are much more considered than those with simple high school diplomas. This makes sense, except for the fact that inequality also plays into the part that those who are more wealthy are the ones who are able to afford higher education, and those who are at the bottom cannot progress and generate enough income to put themselves through post-secondary (Birdsall, 78). This in turn creates a breeding ground where the cycle continues, as the rich get richer, and the poor remain poor, or worse, in poverty (Birdsall, 76). This is evident in countries as economically stable as the United States, where individuals who had jobs with only a high school diploma and annually earning less than ten thousand dollars grew (Birdsall, 77). After the fall of communism in Russia and Eastern Europe, there was a huge increase in income gaps as laborers became unemployed (Birdsall, 76). Not only Russia, but once again, in countries such as
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