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Income Inequality and Poverty.pptx
- 2. SLIDESMANIA.COM Opening Prayer: Dear God, We thank you for the opportunity of being together today. We thank you for the gift of life and for all the blessings we received every day. We pray that You guide us in Your ways so that we will seek Your will in everything that we do, and love others as You love us. We ask this in the name of Jesus Christ our Lord. Amen.
- 3. SLIDESMANIA.COM SLIDESMANIA.COM WHAT IS INCOME? it is commonly used to describe money earned by a person or company in exchange for goods, services, property, or labor. WHAT IS INEQUALITY? The uneven and unfair distribution of opportunities and rewards that increase power, prestige, and wealth for individuals or groups; social disparity.
- 4. SLIDESMANIA.COM SLIDESMANIA.COM INCOME INEQUALITY ◢ What is Income Inequality? Income inequality refers to how unevenly income is distributed throughout a population. The less equal the distribution, the greater the income inequality. Income inequality is often accompanied by wealth inequality, which is the uneven distribution of wealth.
- 6. SLIDESMANIA.COM SLIDESMANIA.COM Income inequality between the world's richest and poorest The report on income inequality conceals wide disparities between and within countries. The richest 10% of the global population currently take home 52% of the income. The poorest half of the global population? Well, they earn just 8%. On average, an individual from the top 10% will earn $122,100, but an individual from the bottom half will earn just $3,920. And, when it comes to wealth (valuable assets and items over and above income), the gap is even wider. The poorest half of the global population owns just 2% of the global total, while the richest 10% own 76% of all wealth.
- 7. SLIDESMANIA.COM If you are presenting a website, an internet product or an app, you can place a screenshot of it here.
- 9. SLIDESMANIA.COM Globalization: The increase in trade among nations resulted in the move of manufacturing and other jobs by corporations in the U.S. to countries where labor costs were cheaper. For working-class and middle-class Americans, this meant that secure, even generational, jobs and income disappeared. Causes of Income Inequality
- 10. SLIDESMANIA.COM Advances in Technology: While a boon in many ways, certain workplace technological advancements, such as automation, have led to the loss of jobs for blue-collar workers and lower wages for less educated workers. Causes of Income Inequality
- 11. SLIDESMANIA.COM Gender and Race Bias: Income disparities have always been clearly visible for women and people of color. It's widely acknowledged that, for example, male employees typically earn more than female employees in the same job positions. Likewise, white males earn more than non- white males. Causes of Income Inequality
- 12. SLIDESMANIA.COM Education: Workers with less than a high- school education experience less growth in wages than those with college educations and post-graduate degrees. The announcements of multi-million dollar salaries and bonuses (even in troubling economic times) going to C-Suite executives drive this income disparity home. Causes of Income Inequality
- 13. SLIDESMANIA.COM Economic Conditions: When economic conditions weaken, financial turmoil, unemployment, slowing business investment, and more can affect incomes. Causes of Income Inequality
- 17. SLIDESMANIA.COM SUGGESTED WAYS TO Reduce Income Inequality Governmental policies that promote income inequality must be acknowledged. 1 Better access to educational opportunities could improve socio-economic mobility. 2 Universal health care could provide some increase in income equality. 3 Improving the stability of other social programs such as Social Security and Medicaid could also relieve cost concerns for an enormous number of individuals. 4
- 19. SLIDESMANIA.COM POVERTY Poverty is a state of being in which a person lacks the income (or other means of support) to reliably meet their basic personal needs, such as food, shelter, and clothing. Poverty exists in every country in the world, though it is a more pressing issue in some countries than in others. The poverty rate is the number of people (usually expressed as a percentage) in a given demographic group whose income falls below the poverty line.
- 20. SLIDESMANIA.COM Poverty Rate by Country 2023
- 21. SLIDESMANIA.COM According to World Bank, the countries with the highest poverty rates in the world are: 1. South Sudan - 82.30% 2. Equatorial Guinea - 76.80% 3. Madagascar - 70.70% 4. Guinea-Bissau - 69.30% 5. Eritrea - 69.00% 6. Sao Tome and Principe - 66.70% 7. Burundi - 64.90% 8. Democratic Republic of the Congo - 63.90% 9. Central African Republic - 62.00% 10.Guatemala - 59.30%
- 22. SLIDESMANIA.COM Causes of poverty: Top 7 1. Income Inequality 2. Conflict 3. Hunger 4. Poor healthcare systems — especially for mothers and children 5. Little (or zero) access to clean water, sanitation, and hygiene 6. Climate change 7. Lack of education
- 24. SLIDESMANIA.COM The Philippine Department of Social Welfare and Development has led in the provision of opportunities for income-generating activities and livelihood development through the implementation of the Sustainable Livelihood Program since 2011. The objective of the Sustainable Livelihood Program is to: • reduce poverty and inequality by generating employment among poor households and by moving highly vulnerable households into sustainable livelihoods and toward economic stability. It has two tracks: The micro-enterprise development track provides participants with access to funds and training to set up their own microenterprise. The employment facilitation track provides employable individuals access to locally available jobs through public-private partnerships.
- 25. SLIDESMANIA.COM The Duterte Administration on addressing reduction of poverty rate: Rice Tariffication Law (RTL), which has stabilized the price and supply of rice in the retail market Tax Reform Acceleration and Inclusion Act (TRAIN), which gave substantial tax breaks to 99 percent of wage earners; and the increased tax rates on ‘sin’ products to help fund the Universal Health Care Program (UHC) that primarily benefits low-income families.
Editor's Notes
- Income is defined as household disposable income in a particular year. It consists of earnings, self-employment and capital income and public cash transfers; income taxes and social security contributions paid by households are deducted. Inequality occurs when there is a disproportionate distribution of resources, wealth, or legal status in a society.
- Income is defined as household disposable income in a particular year. It consists of earnings, self-employment and capital income and public cash transfers; income taxes and social security contributions paid by households are deducted. Inequality occurs when there is a disproportionate distribution of resources, wealth, or legal status in a society.
- According to the Worldbank
- https://worldpopulationreview.com/country-rankings/poverty-rate-by-country