Question

Please provide a 5 minute debate that argues that growing income inequality is a problem for business and society

Answer 1

• The growing income inequality is indeed a problem for business and societies as they can completely destroy societies.
• Brings gap among the individual and groups in the country.
• Led to Economic inequalities.
• Income and wealth of people who are at the top of Economy has grown faster than the income and wealth of those in the middle or at the bottom.
• Rich people get more income and their consumption patterns shift.
• Trying to keep up the middle class people whose income has been growing slowly take more debts and has less savings.
• Economic gaps reduce the willingness of the rich people to support high quality public benefits and services.
• It can lead to under investments in the Economy.
• The rise of income is twice as high as the poor which means that rich people can get Education while the poor cannot.
• It has bought gaps or disparities in citizen's influences.

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