The gap between rich and poor is too vast. There are high income earners and positions, and low income earners and positions. Thing is, without the lower income jobs, the high income earners would be out of luck (and much dough). It's time people get paid adequately, and those making big bucks take a pay cut.
2007-03-05 06:10:22
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answer #1
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answered by Nikki 6
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Deep question, and there are many, many answers. some economists talk about market failures and under-developed financial institutions as the cause. others talk about protectonism and its negative effects. others point to the competitive advantage some rich countries have over other countries. Still others believe that the market system is rigged, favoring the rich over the poor in some intentional way.
Excluding the last explanation, I think its all of the above. Rich countries have more developed economic systems. for example in the EU and the US lending institutions are very develped, credit, the lifeblood of any capitalist market is readily available. For example Im a student, and I still have a line of credit of around $30,000. In contrast people in poor nations have undeveloped financial institutions. many people in africa for example own their own home, but they have no title to the property, nor do they have any way of really selling their land or borrowing money against their home. Thus such nations (and people) are poorer for it.
The level of education of the population also has a lot to do with it since educated people are more productive. how educated people are depends on both culture and investment. For example in the US and EU education is mandatory, not so in Africa. many sociologists have also written on the issue of time value of money. While europeans and americans look to the future in valuing both time and money, this is not always so in other countries. In many african communities there is a social disinsentive to save for the future, the very definition of wealth since wealth in unconsummed past produtivity.
Finally some countries simply do not have the economies of scale needed to produce something that is highly valued to a world market. For example many island nations are very poor, this is not an accident. Absent wealthy people who bring capital to the nation (like new Zealand), the country has to develop its own wealth. Unfortunately growing small amounts of sugar or tobacco is not competitive compared to mass production in mechanized opperations in richer countries, hence those countries often remain poor.
There are many other reasons, but these are the primary ones most often talked about. Hope that helps.
2007-03-05 15:51:02
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answer #2
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answered by brad p 2
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Because 90% stay home, breed like rabbits, feel important and are all around useless. 10 % work, so they actually accomplish things and enjoy life to one degree or another.
2007-03-05 14:10:07
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answer #3
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answered by Anonymous
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tis one of the downfalls of "civilization", some will have more and many will have less...
on the other hand, "poor conditions" are relative.. for most of the existence of human kind we didnt have electricity, or running water in our homes, or wal-marts.. lol.. we were hunter-gatherers/scavengers...
2007-03-05 14:11:34
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answer #4
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answered by Anonymous
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Mostly because of corrupt governments and poor economies.
2007-03-05 14:12:00
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answer #5
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answered by . 6
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Because we have figured out that if we mulitply like rabbits there is less stuff per capita.
2007-03-05 14:02:34
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answer #6
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answered by Anonymous
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Because life is not fair. I wish I could change that.
2007-03-05 14:10:31
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answer #7
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answered by Natalia B 2
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