Inequality - Gender Pay Gap in Nz

Running head: INEQUALITY
INEQUALITY
Name of the Student:
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Table of Contents
Introduction................................................................................................................................2
Discussion..................................................................................................................................2
Section 1.................................................................................................................................2
Understanding Inequality...................................................................................................2
Economic inequality and its impact of Economic Inequality on Society..........................3
Understanding gender inequality.......................................................................................4
Racial Inequality and its Impact on the Society.................................................................5
Section 2.................................................................................................................................6
Gender Pay Gap in New Zealand.......................................................................................6
Current Interventions in New Zealand to close gender pay gap........................................7
Improved Interventions for Reducing Gender Pay Inequality...........................................7
Conclusion..................................................................................................................................8
References..................................................................................................................................9

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Introduction
Inequality is identified as one of the primary drivers of social tension. Majority of
societies are economically controlled by small section of individuals. Race, class, gender and
economy are theoretically distinct forms of ‘categorical inequality’ entrenched in acts of
exploitation and opportunity sign, instigated through emulation and further institutionalised
through alteration (Scheffer et al., 2017). These discrete forms of inequality are considerably
autonomous, however their relative significance and autonomy varies on social and historical
level. These inequalities on one hand follow the dialectical linkages of institutional political
and economic growth and on the other hand follow political prospects and challenge (Kraus,
Park & Tan, 2017). The following paper will evaluate three types of inequality related to
gender, economic and racial. In addition to this, it will shed light on economic inequality in
New Zealand by explaining a case of gender pay gap in NZ.
Discussion
Section 1
Understanding Inequality
Inequality has been seen as a culprit in the populist incursions of 2016 and 2017.
However, inequality does not show same variance as unfairness. Inequality is concerned with
disparities in the distribution of specific metric which can relate to income, gender and racial
inequality (Scheffer et al., 2017). The idea of inequality is closely associated with the notions
of equity which comprises of two divergent concepts like equality of opportunity and equality
of consequence.

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Economic inequality and its impact of Economic Inequality on Society
Widening economic disparity is the crucial challenge of recent times. In broad-
minded economies, the gap concerning rich and poor remains at the uppermost level in years.
Inequality developments have been more mixed in emerging markets as well as developing
nations (EMDCs) with particular nations undergoing weakening discrimination. However,
inescapable inequities in access to schooling, healthcare and economics tend to be pervasive.
Marxian and Keynesian theory has considered inequality as direct consequence of income
distribution between capital and labour (Payne, Brown-Iannuzzi & Hannay, 2017). According
to Hein (2018), in recent times, the increasing shares of revenues and monetary payments
have polarized income distribution. Whiles, increasing level of inequalities in income have
been associated with diversities in human capital and competencies along with changes in
technology and global production and liberalization. Verloo (2018) has noted that the reduced
resources of distribution have been destabilizing the capacity of public policies in order to
limit rate of inequalities in family earnings. Furthermore, the inter-generational factor of
inequality has been understood thus exploring the sharing of resources and the capacity for
social mobility across generations.
It is apparent that economic disparity has opposing financial, communal and political
effects for social constancy as well as social cohesion with political engagement and
enjoyment of human rights. Additionally, economic inequalities have been impeding the
pleasure of shared privileges, further adding to the obstinate socio-economic shortcomings
amongst social associations. As countries show dire necessity of economic stability in order
to safeguard the establishment of welfare reimbursements and redistributive financial
regulations to uphold social security, there is a decreasing of public resources obstructing
their ability to provide primary public facilities. For illustration, over 2 million people in
Greece which is comparable to 20% of the populace are unable to obtain satisfactory health