Question

1. What do you think is more important to focus on when considering inequality: income inequality or wealth inequality?

2. Explain how you would create a government program that would give and incentive for labor to increase hours and keep labor from falling into the poverty trap?

Please help! Due tonight at 11:59 (:

Answer 1

Answer:

1.I think while considering inequality we should focus on income inequality because income is an important part of our living, it does not matter if we don’t have any kind of wealth but it does matter a lot if we don’t have income. Through income we can get wealthy. If we have house to live but don’t have income to buy food than the house is of no use for us so income is more important than wealth.

answer 2- We would create government programmes in such a way that will motivate workers to work for more hours. Programmes should be created seeing all the requirements and interests of the labours and government should provide different type of beneficial incentives to attract more and more labour power to work. If workers will be motivated and interested towards games than it will increase their income and will keep them away from falling into the poverty trap.