When I hear the word economic inequality the first thing I think of is injustice, the fact that the country's population's lack of confidence in income and wealth is not fair. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay So I'm going to talk about the highest income shares. The graph shows the share of income held by the richest 10%, from 1979 to 2015. In the United States it was 25.30% in 1979, but since then the share of income held by the richest 10% has fallen to 30.20 . percent. This is an increase of 4.9% from 1979 to 2013. This shows that the income held by the richest 10% is increasing. In my opinion, I think this is bad for the rest of the population because 30.20% is a large percentage of the population in the United States who earn and have a very large share of the money earned. This is unfair because the owners of companies like Facebook, Apple, Tesla, Microsoft are making so much money that their wealth is greatly increasing, but the wealth of their workers is not. They pay their workers a small portion of money when the workers help the owners of these companies make money. There are no countries with an income share below 20% as it is held by the richest 10%. Which is crazy because it's not fair, to make it fair I think the percentage needs to be less than 20%. The share of income held by the richest 10% in Iceland is only 21.30%, the lowest percentage of any country. The highest share of income held by the richest 10% is found in South Africa, at 51.3%. The conclusion I came to is that countries that are in poor circumstances tend to have a higher percentage than countries in less poor circumstances. US income is divided like this: the share of income held by the richest 20% is 46.45%, the share of income held by the fourth 20% is 22.72%, the share of income held from the third 20% is 15.42%, the share of income held by the second 20% is 10.31% and finally the share of income held by the lowest 20% is 5.11%. This data was collected in 2013. This data shows me that the income earned in the United States is distributed in complete injustice. The top 20% earn 46.5% of income compared to the lowest who only earn 5.11% which is crazy because the difference is so high and the fourth 20% also earn 23.6% of income which is almost half of the total income. the highest 20%. I remember in the 201 economy we looked at the recent survey and the percentage was much higher for the top 20% in the year 2018-2019. Overall the rich are getting richer, the poor are getting poor, we need to make a change in the system to make it fair for everyone. I believe that excessive economic inequality is harmful to society because then people would not be as motivated to make money because nothing would be fair. This will also reduce economic growth, which is bad for the country. I'm not saying that a little bit of economic inequality is bad, but too much of it is bad for the economy because it would displace a lot of things that would then ruin economic growth. Furthermore, too much injustice will lead to a decrease in the work of the workforce because people would not want to do difficult jobs in that case. If they earn the same amount as a person whose job is really easy, they would do that job and quit the harder one. Raising prices for products will be difficult because you want the consumer to be able to afford what you sell, otherwise you will lose money. When economic inequality was unjust rather than just, Ford's owner.