As recently as 1975, developed countries were 10-times richer than developing nations. Although there have been improvements in the last 40 years, and overall income distribution inequality has decreased, we still have a very long way to go to create a level playing field. The following infographic discusses the main causes of economic inequality and provides an insight into measures that are making a positive impact.
According to the infographic, economic inequality occurs for two main reasons. The first is that returns on investment are greater than overall economic growth. This essentially means that the wealthy “tend to” get richer.
The second is a decrease in global population growth rates. The population of the world has increased year on year since the 1700s, but the rate has slowed since 1960. By 2100, the growth rate could fall to 0.1% compared to 2.1% in the 1960s. In developed countries, economic growth declined in the 1980s and ‘90s due to slow population growth and high return levels.
As well as a gap between the developed and developing world, there is also concern about an increase in inequality within developed nations. Statistics suggest that just 1% of the population owns 40% of national wealth, for example.
In response to these issues, the some propose measures including the introduction of a living wage and higher income tax rates for top earners. Creating more democratic trade policies and encouraging union membership could also help to close the gap. Union membership fell from 34% in 1979 to 10% in 2016.
Take a closer look at the infographic below to find out more about potential solutions:
Infographic Created By this infographic
Nursing used to be seen as one of the lower-level jobs in the healthcare industry. After all, nurses were viewed as assistants to doctors, doing smaller tasks that often didn’t require the same level of medical knowledge as their seniors.
This has changed drastically over the past two decades.
Nursing has now become an incredibly lucrative and fulfilling career choice, and here’s why.
Nursing opens you up to more healthcare opportunities. A nurse has an intermediate level of healthcare knowledge, but it’s very general and can easily be adapted to fit into different situations.
Nursing is a fulfilling career choice. As more people quit their office jobs in search of something more meaningful, nurses have stuck with their profession of choice because it gives them a meaningful career.
Nursing offers multiple streams of income. While a lot of nurses have their main job at a healthcare clinic or hospital, starting your own self-employed nursing opportunity isn’t as far-fetched as you think.
Nurses are always in demand no matter where you are. Even if you move to a different country in the future, nursing offers you skills that will help you find employment no matter where you are.
Below is an infographic that talks about nurse practitioners and their importance in the industry. Since it’s extremely time-consuming for doctors and physicians to see every patient, a lot of basic healthcare needs are now handled by nurse practitioners that are increasing the overall quality of care while decreasing costs.
Infographic by Bradley University
The benefits you offer as an employer do more than attract the right people to your business. They also help your employees prepare for the future, including any unexpected events that might occur in their lives. One of the most important benefits you can offer is a retirement plan.
However, many business owners and employees don’t think far enough ahead to take full advantage of them. If you run your own company, you’ll want to consider how you can encourage your personnel to participate in such a program. It can benefit their long-term financial health while also providing significant tax savings.
One of the best ways you can boost enrollment in your retirement plan is through education. Taking the time to teach your employees about the general concepts of investing and how it can work for them will demonstrate how and why they should participate. Offering this information in a variety of formats ensures that you’ll reach every segment of your workforce.
Having as many of your people in your retirement program as possible is good for you and for them. For some additional tips you can use to get more employees to sign up, take a look at the accompanying guide.
Guide created by Mowery & Schoenfeld