why the distribution of income in economy is not equal ?

Answer 1

The distribution of income in our economy is not equal because education, location, drive, hard work, and stamina are not equal. Each person has their own idea of success and their own goals. Some get a better education and some prefer to work as laborers. If the time comes when a doctor with 12 years of education and a huge student loan will make the same amount of money as a person that chose to quit high school and become a janitor, then there will not be any incentive to be educated or work hard toward a goal. That has the disinsentive to make everyone not want to work.

Answer 2

Except for some reasons like jealousy, equal distribution of income is not an ethical or desirable of sustainable goal. People are not equal in terms of the nature of work they do, the demand for the work they do, the skills with they do the work, the efficiency and productivity they exhibit, the extent to which they shirk responsibility, the capacity or capability to work, their education and training, their talents as also theirpast savings and investment decisions, their inheritance and family backgrounds, etc.. Given such wide differences anmong human beings, the incomes should be unequally distributed, So the distribution of income is not equal because the distribution of attributes, skills and association with pruducts etc are different among different people.

Answer 3

Angelwith4faces has no idea what she's talking about. She writes: "The problem with Marianne T's analysis is that it is the hardest jobs that often pay less"

What a nonsense!

If it's really true that hardest jobs pay less, and the easiest jobs pay more, then why don't you take that easiest job that pays best?

If you finish high school, why would you want to take the hardest job that is available and kill yourself working for $6/hr flipping hamburgers all day? Because being an accountant is easier than flipping hamburgers and also pays more!

Perhaps angelwith4faces has no clue what she's talking about. Getting one of those "EASY" jobs requires years and years of study and practice. It may look easy, but it's not easy! A medical doctor has to study for like 8 years before he can start working, and only then he can earn a lot of money. A 16-year old who finishes high school can start working at McDonalds right away, but it also pays less. Why? Because you don't have to be a genius in order to cook hamburgers. Working at McDonalds is easy. It is one of the easiest jobs available, and that's why the pay is so low.

If you think that being a brain surgeon, dentist, contractor, or lawyer is a lot easier than being a janitor, then more people would be dentists, contractors, and lawyers! The problem is, angelwith4faces has been raised up as a socialist, and she lives in a dream world and doesn't have any idea how the world works.

"The biggest predictor of future status is one's parents status"

FALSE.

If you want to know what is the predictor of future status, then read this book: The Millionaire Next Door by Thomas J. Stanley & William D. Danko.

But I know you won't read it, because you are a communist, and you know it better...
http://answers.yahoo.com/question/index;_ylt=AlAd.N9JdBDEo_6IJkgoGbTty6IX?qid=20070525150603AApXrUC&show=7#profile-info-AA11544192

Answer 4

If you look at the income distribution in the world it is clear that where you are born and the income level or your parents is the most important effect. A "poor" person in a developed country who is not exceptional in any way has a higher income than 85% of the people in the world.
http://www.globalrichlist.com/
People inherit the infrastructure, knowledge, and resources of the society in which they live as well as their parents wealth. Different choices people make about how to utilize their inheritance as well as their abilities will also serve to increase income inequality.

Answer 5

It depends on which side of the tracks your on ...

Pro-people with lower income thought (or a variant of):
The people with it will always work to keep it - be it lie, cheat or steal. They are corrupt.

Pro-people with higher income thought (or a variant of):
The people without it are lazy and need to blame their parents and their parents parents for not improving their family every generation over it's time. They are simply lazy because this is America and Anyone can make it here if they try.

Odds are both are right to some extent, imo.

Answer 6

Wow, what a debate going on here. I just don't buy the fact that people are rich because they work hard. Oh, some, absolutely, but not on average. The poor are poor because they choose it. What a great example of economic ideology in action!

The problem with Marianne T's analysis is that it is the hardest jobs that often pay less, and often there is discrimination in the work place that punishes people who don't look, act and behave the same as the dominant culture.

The biggest predictor of future status is one's parents status, not some measure of 'stamina' or other psychological traits that for some reason appear in the dominant culture and not others.

Answer 7

that's relatively a hazard - the two Cuba and North Korea have it. between large international places, Soviet Union had it in the past it collapsed, and China had it in the past it grew to become to unfastened markets. As lots of those examples show, the only thank you to realize equivalent income is to dodge people from getting wealthy. as long as you enable people to earn greater advantageous than bare minimum, those with smarts and determination will use those opportunities, and those with out ambition will proceed to be the place they are.

Answer 8

Because income is not distributed. It is EARNED.
.

Answer 9

Because of person-specific rents.