Inequality is a big, big subject. There’s racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we’re going to talk about wealth inequality and income inequality. There’s no question that economic inequality is real. But there is disagreement as to whether income inequality is a problem, and what can or should be done about it.
There are many of the 35 videos in the Economics crash course set that touch on geographic issues. This crash course team explains the difference between wealthy inequality and income inequality. This video also has a nice laymen’s explanation of the GINI coefficient and how it measures inequality. In another video in the series, they demonstrate how globalization can be seen as the path to economic growth and others see the process of globalization as what has created poverty.
Tags: development, labor, globalization, economic, industry, poverty, crash course.