Reasons Why Income And Wealth Inequalities Exist

Question 1

Education

Answer 1

12% of all 16-24 year olds were not in education, employment or training (NEET) in October-December 2023

A 40 year old graduate earns on average twice as much as someone qualified to GCSE levels or below

24% of MPs attended Oxbridge , 74% of the judiciary. This compares to less than 1% of the total population

Question 2

Gender

Answer 2

The median hourly pay gap for full time employees was 7.7% less for women than men in April 2023

2/3 women work in the 5Cs

In Scotland, 48% of women work part time compared to 16% of men

Question 3

Uk Government Policy

Answer 3

£94BN net reduction in public spending had a massive impact on women and the poor

Workers in London are £50,000 worse off since 2010 due to poor wage growth

TU have been weakened through the Trade Union Act - it is now harder to fight for wage increases

Question 4

Social Exclusion

Answer 4

UK is the fifth most unequal country in Europe

1 in 5 employees remain on low pay (mostly women)

30% of families are living on an income below ‘minimum income standard’