Black Money Business Jobs : Wealth gap

Shikamaru

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May 7, 2011
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Is inequality a danger sign for economy?

If low-wage jobs act as a steppingstone to higher-paying work, then even a relatively high share of low-wage work may not be a serious social problem," Schmitt wrote. "If, however, as appears to be the case in much of the wealthy world, low-wage work is a persistent and recurring state for many workers, then low-wages may contribute to broader income and wealth inequality and constitute a threat to social cohesion."

Id est, the deprecation or collapse of civil society.
 

Shikamaru

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May 7, 2011
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Societal collapse

The diversity of forms that societies evolve corresponds to diversity in their failures too. In other instances significant inequity may combine with lack of loyalty to a central power structure and result in an oppressed lower class rising up and taking power from a smaller wealthy elite.

If there is a general "antidote" to collapse, it would seem to be social cohesion, economic growth and adaptability.
 

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