Inequality in the Western World
by AlmaghrawiN on September 16, 2013 - 6:20pm
An article posted on September 11th, 2013, mentions that it would approximately take 25 years for Europe to improve its poverty levels. It was said by Oxfam that by 2025, more than 25 million Europeans will no longer have a proper way of living. It has been also said that the most unequal countries in the Western world are the ones who are affected by austerity.
The fact that the governments took action with austerity proves that they didn’t help the economy and developed an even higher level of poverty and inequality.
The issues that were raised from the austerity included the massive increase in inequality between the rich and the poor, and an increase in poverty. UK’s pay had decreased by 3.2% since the financial disaster. There would be little improvement because the decrease in mechanisms was a cause of austerity, that the only ones who would benefit were the rich.
Capital spending and investment have been taken to account by Oxfam, to help improve what austerity has done. The only way that living standards would be improved is to build a strong economy made up with people who work hard.
I believe that the government should help build up their economy and give more job opportunities to the people, and that by doing this is will help improve the issue happening in Europe. We have to take this social issue seriously because Europe is the center of the world, and that many countries are affected with the issues happening in Europe. It’s like a chain reaction, if something goes wrong in one place the rest are affected by it as well.