It has been suggested that this article or section be merged into economic inequality. (Discuss) It has been suggested that this article or section be merged into gender gap. (Discuss)
An income disparity or wage gap is most commonly an inequality in pay or salary for equal labor. Wikipedia does not have an article with this exact name. ...
Economic inequality refers to disparities in the distribution of economic assets and income. ...
Wikipedia does not have an article with this exact name. ...
A gender gap is a disparity between genders involving quality or quantity. ...
For example, these terms are commonly used to describe the income differences between males and females for the same job or labor. However, they may be used in any situation when wages are arbitrarily different between two or more groups.
However, income disparity is also used by those people concerned with the low level of the minimum wage, relative to the income of the wealthy. In this context, it is not equal money for equal work as it is in the previous sense, but the sense that money should be a just reward, earned when deserved at the rate that is deserved. For example, many jobs the poor take on involve much harder labor than jobs the rich take, and some rich people never work. If that were the case, that would be income disparity, a man works all day and makes less money than a man that does not work. The minimum wage is the minimum rate a worker can legally be paid (usually per hour) as opposed to wages that are determined by the forces of supply and demand in a free market. ...
This can be disagreed with under the consideration of the economic background of earnings. It can be said that income equals the level of production or output of the worker. Income disparity is the situation where the output level of two workers is equal but their incomes are not as a result of unassociated bias. In the situation with high earnings for seemingly low levels of work, the income created as a result of the actions of the high earner may be very high. This would explain the reason the rich person who seemingly never works earns more than the low level earner who works hard. Earnings are related to output not necessarily how hard someone works.
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