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Why the gap is increasing between the rich and the poor?
The Rising gap among the rich and The poor is generally because of Several factors like knowledge and abilities, which increases with Education. Unequal Education is the major reason for this gap. Rich people are able to get access of quality education whereas poor people are not able to get The samRead more
The Rising gap among the rich and The poor is generally because of Several factors like knowledge and abilities, which increases with Education. Unequal Education is the major reason for this gap. Rich people are able to get access of quality education whereas poor people are not able to get The same, which Ultimately leads to differences in opportunities and employment. Another factor is absence of reasonable healthcare. Rich individuals often have access to better healthcare facilities while poor individuals may strive to achieve it.
Another factor includes changing technology which is adopted by rich people due to better living standards while poor people lack in adopting changing technology. This leads to reduced opportunities for job and generation of income.
Rich individuals can also raise their income by doing investments but those who rely on their daily wages are unable to do so and may see lower incomes.
All These factors extendd the gap between the poor and The rich making it difficult for The poor to overcome their situation and The rich to face poverty in their lives..
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