Income Inequality Growing Faster in the UK Than Any Other Rich Country- The Guardian

Income Inequality Growing Faster in the UK Than Any Other Rich Country

Since the mid-1970's, the United Kingdom's income inequality has been growing more than any other developed, first country. British experts say that the gap is increasing due to the working elite who isolate themselves through marriage and education. The isolation these elites put themselves in causes most of the country's wealth to go to a small upper class minority.

We have to remember that the UK is more unequal than any other developed country. This does not include nations such as India, Brazil, and South Africa. Of course, the income inequality is much higher in these developing countries. When it comes to first world, developed countries, the UK is currently at the back of the pack.

Personally, I believe that the UK should attempt to raise the nation's minimum wage so the lower class can make some ground on the upper class who holds so much of the wealth. The upper class should be taxed higher as well. They have the money so they should be paying based off of their earnings. This, in the end, will hopefully lessen the upper class' overwhelming ownership of the wealth and hand some of it off to the lower class by raising minimum wage.