Income inequality (without explanations)

Today I‘m going to talk about economic inequality. Sometimes it is called income inequality, wealth inequality, or the wealth gap. So what is it? It‘s a measurement of the distribution of income that highlights the gap between individuals or households making most of the income in a given country and those making very little. Simplified explaining using a pie tells us if all people gets an equal piece of pie – it‘s income equality, but if someone takes a bigger piece of it – it‘s already an inequality.

There are lots of causes for this inequality so I‘ll mention a few.