The divide between rich and poor in the United States has increased to its highest level in more than five decades, according to Aimee Picchi CBS News article. The key to this problem is understanding that economic inequality isn't exactly one thing. It roughly incorporates terrible things, such as children who have no chance of realizing their abilities, and others who are simply good. To understand economic inequality, we need to straighten out its components. It is not only a known problem in the United States, but also throughout the world. It is crucial to know that income inequality is influenced by many factors such as globalization and education. Furthermore, gender is also a component that people often forget and which has a great impact on economic inequality. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Globalization has been criticized for growing economic inequality, especially in developing countries. Globalization is an operation identified by the crucial unification of economies and cultures. This is transformative research and a shift in how businesses and communities function. Globalization is often a moderate process, whose influence on economies is of a less profound nature. One of the unfavorable outcomes of globalization is that it follows the layoff of workers as positions are outsourced. Progressively, education segregates the poor from the non-poor. According to Chapter 8, “In 2013, only 5% of college graduates were poor, compared to 14% of high school graduates and 28% of those without a high school diploma.” People with contrasting levels of education often receive different salaries. This is most likely linked to the level of education which many times corresponds to the degree of skill. With a high level of education, in many cases an individual has additional advanced skills that almost no worker can provide, resulting in a higher salary. The effects of education on economic inequality are still prevalent in developed societies. Although government policies of free education normally exist in developed countries, the levels of education earned by each person still vary, not due to financial means but to intuitive traits such as intellect, motivation and potential. Furthermore, obtaining the same level of education does not mean obtaining the same level of schooling. Consequently, it appears that no matter how effective a nation's social welfare administration is in intercepting educational withholding caused by economic strains, in relation to level and quality, it still plays an important role in economic inequality. and in poor nations, gender inequality results in biases in the economy, public affairs, and access to medical care. For example, in the United States, full-time core income for women is 77% that of men. However, women who work part-time earn more than men on average. Furthermore, among individuals who never marry and have children, women earn more than men. According to chapter 8: “It is estimated that 70% of the world's poor are women.” Overall, women are compensated less than men for the same work. One thing we know is that gender plays a part in the wage gap and consequently recent economic inequality in the United States. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom EssayThe gap between rich and poor Americans remained.