The psychology of inequality

Today, economic inequality, or the degree to which social wealth is concentrated in one part of the population, has become a primarily political and moral concern.

For the previous few decades, the gap between affluent and poor has widened in the United States, Europe, and Asia; however, it has narrowed in Latin America (historically an extremely high inequality world region).

The economic disparity was once seen as an important stage of economic growth by economists in PhD dissertation assistance in Psychology. When a country is in its early stages of economic growth, the wealthiest individuals profit first.

Wealth will be allocated more fairly to employees and the re economy grows. Unfortunately, today's reality does not re depiction of economic progress and inequality.

For example, in the United States, typical worker earning stagnant over the previous few decades, while remunera sectors such as banking and others has risen dramatically.

The recent epidemic has highlighted this trend, with the w billionaires growing by 62 % in the 17 months following th typical worker earnings have remained unchanged since 2020.