Absolutely! Globalization can lead to income inequality within countries. Here’s how it happens:
Job Polarization: High-skilled jobs are doing great, but low-skilled jobs are disappearing. This causes differences in pay.
Capital Concentration: Wealth tends to gather in cities. This makes the income gap between city folks and people living in the country even larger.
Uneven Access to Resources: Globalization often helps educated and skilled people more than those who aren't, leaving some people behind.
In simple terms, while globalization can help the economy grow, it can also make income differences bigger.
Absolutely! Globalization can lead to income inequality within countries. Here’s how it happens:
Job Polarization: High-skilled jobs are doing great, but low-skilled jobs are disappearing. This causes differences in pay.
Capital Concentration: Wealth tends to gather in cities. This makes the income gap between city folks and people living in the country even larger.
Uneven Access to Resources: Globalization often helps educated and skilled people more than those who aren't, leaving some people behind.
In simple terms, while globalization can help the economy grow, it can also make income differences bigger.