ipl-logo

Economic Wealth In Australia

1447 Words6 Pages

The privilege afforded to those who live in the top one precent of economic wealth in the world often gives way to societal negligence as the monetary advances of life in the higher class shrouds the truth of the socially and economically disadvantaged minority. Due to Australia’s status as an MEDC allows the deemed poverty line in the country to be far greater than the $1.25 a day average seen elsewhere. This is a result of an urban setting, as the disadvantaged are unable to live subsistent lifestyles, thus requiring provisions to allow for the minimum economic independence to buy their food and other necessities. This therefore leaves this faction of the population to become dispossessed of other needs such as shelter and career opportunities. …show more content…

Although this trend has waned in recent years as economic expansion has stagnated due to a combination of the lowering of migration into the area as well as the rising house prices. (Market, 2015) Conversely social and economic inequalities are evident through the diverse demographic of the population that reside in Brisbane who have varying abilities to access opportunities. This is usually due to the capitalist class structure within Australia, with education accessibility, public infrastructure quality, little or no class movement, amongst other contributing factors. Symptomatically, these inequalities lead to a drop in wellbeing amongst minorities and a lower quality of life. These minorities typically live further away from established infrastructure and public facilities, due to the greater housing costs of the …show more content…

(although there is a new phenomenon in ageist recruitment of the retired) Queensland is, according to the ABS, statistically the worst for youth employment in Australia, with Cairns, Ipswich, Caboolture, Redcliffe, Bundaberg, Gympie and outback Queensland the most difficult places to find a job, with one in three youths under the age of 25 unable to find work. Ipswich itself in 2014 had a 20.5% unemployment rate (Moore, 2014) In Brisbane itself unemployment has gone down in the inner suburbs but in the outer suburbs has gone up showing a vast economic as well as linking into a social inequality. In Brisbane we have a high percentage of unemployed youths in comparison to other MEDCs such as the UK which has an average of 5.7% of youths being unemployed (Queensland University of Technology, 2015) In Brisbane the story is quite different with over 10% of youths unemployed in all areas of Brisbane this percentage of the younger population growing larger the further one travels from the city centre. This mass unemployment creates poorer young people and instigates a reliance on Centrelink and the “Youth Allowance System.” According to the Department of Human Services (This many people) are accessing the Youth Allowance system. University

Show More
Related
384 Words | 2 Pages

Are teenagers more focused on school and the future, or are they too lazy to get a summer job? In the article, “Teenagers have stopped getting summer jobs-Why?” by Derek Thompson, he highlights how teenagers are spending more time in school than work. Thompson’s article uses perspective, statistics, and reasoning to be persuasive. The use of statistics Thompson utilizes is opposing ideas and entertains the other reasons for teens not getting jobs in the summer months.

Read More
401 Words | 2 Pages

There is a lot of hanging around on the streets late at night because they are bored, it would be good if they had somewhere to go”. The Michell Shire Youth Centre says “currently the number of Young People living in Mitchell Shire is 7,461”. And that “the population of young people is expected to continue to increase, with the most significant growth in Beveridge and Wallan”.

Read More
410 Words | 2 Pages

Economists believe that the hardships many poor people face like homelessness or slums are a result of a wealth gap that has been exponentially diverging the rich from the poor since the seventies. Studies show that “over forty

Read More
399 Words | 2 Pages

The main aspect of the "Australians Working Together" package, the “working credit” initiative, was aimed at reducing the impact of means testing to working-age people in the early stages of returning to

Read More
974 Words | 4 Pages

This sudden change still has an enormous effect on today’s Indigenous population. How is it fair that the oldest population of people die a decade younger than non-Indigenous Australians? The perpetuation of racism which is manifested in our society has left many Indigenous Australians in a disadvantaged position. Including through, limited access to education with adult literacy rates of just 30 percent and literacy rates of children under 15 more than 48 percent lower than non-Indigenous Australians, consequently means lower educational achievement rates and higher unemployment rates of 17.2 percent compared to 5.5 percent for non-Indigenous Australians (Australian Bureau of Statistics , 2013 ). These facts must be recognised to ensure real equality and a fair-go for Indigenous people.

Read More
642 Words | 3 Pages

The article also highlights issues of the detrimental impacts that youth unemployment on destabilising the growth of the Australian economy, because youths cannot productively contribute to their societal system, it can result in a decline in the national economical growth and increase in public costs to support youth unemployment. The Brotherhood of St Laurence (2014) highlight the governments must start investing in the youth immediately in areas such as:  Employable Skills  Work Experience  Coaching in

Read More
489 Words | 2 Pages

Wealth is one of the factors why residential segregation is an increasing problem. Golash- Boza explains, “Residential segregation happened when different groups of people are sorted into discount neighborhoods” (271). It is because of housing segregation

Read More
1861 Words | 8 Pages

Australia is known as a country of freedom and fairness, however many groups such as youth, the unemployed, aged, and ethnic groups tend to become marginalised because of their minority status. Certain groups are marginalised because they are perceived as being different or undeserving of equality in society. This is called stereotyping and it leads to prejudice and discrimination. This essay explores three marginalised groups and discusses some of the reasons why they are marginalised and the effects on those within these groups. Exclusion from areas such as employment and other services and opportunities that other Australian 's take for granted, is a result of the marginality of indigenous Australian 's, woman, and those with

Read More
1876 Words | 8 Pages

A report was done by the Research Center of Immigration Studies according to the report the RCOI found a correlation between the decline in American youth (16-24 years of age) employment and a significant increase in the amount of immigrant employment over the last decade. This means Illegal immigrants are taking jobs and there are no jobs left for the youth to take. The reason for this is the youth must then take wages lower than the immigrants to get the jobs which is little to none. Since most job immigrants take are unskilled, low end jobs these usually do not require a lot of experience. An example, usually jobs that don’t require a high school education, now guess who is an unskilled and doesn’t not have a high school diploma the youth of America.

Read More
895 Words | 4 Pages

Income Inequality is the unequal distribution of wealth; it is pertinent to understand how the sample participants come to explain the unequal distribution of wealth in a country that works under the ideology that it is a representative democracy. From the sample group examined, the explanation for income inequality in Canada are the lack of opportunities in post-secondary education and employment. Majority of participants were aware of the wealth disparity in Canada. The ability to gain access to resources such as post-secondary education and money is viewed as a key to upward social mobility. “Getting a job after university is like winning the lottery, it’s so hard to get your foot in the door,” said participant three.

Read More
267 Words | 2 Pages

Wealth is a fortune you not acquire yourself but instead the money works for you. Many people start companies, make it big, then sell their business for a fortune. With this new fortune many high class people invest and save their money for generations. In Class in America it sates that, "The wealthiest 1 percent of the American population holds 34 percent of the total nation wealth" ( pg 179). The upper class people with billions of dollars and most of the countries money are called the one percent.

Read More
1000 Words | 4 Pages

In the 21 st century, the Australian government has recognised their long mistake and has become more active to solve the disparity in living standards and cultures between Aboriginals and non-Aboriginal people. Evidence of this includes the Sorry speech by Kevin Rudd, the Closing the Gap report, Aboriginal’s cultural celebrations shared openly (NAIDOC

Read More
1629 Words | 7 Pages

The Perceived Impact Of Unemployment On Psychological Well-Being Among Unemployed Young People In Worcester. Retrieved from

Read More
2016 Words | 9 Pages

Many youth are unemployed because they have just come from high school and they do not have enough work experience to get a job. Adults are more likely to be unemployed because of physical and mental health challenges. Adults also tend to be unemployed because of cyclical, structural and frictional unemployment. Unemployment also goes into hand with homelessness and panhandling, because there is not enough jobs people are ending up homeless and looking for other ways to get money. Why are youth more likely to be unemployed than adults, and is unemployment among youth becoming a social problem?

Read More
1448 Words | 6 Pages

Never the less, it’s ironic how in the 21st century we prize ourself for being progressive when almost half of us - over 3 billion people - can’t even conjure up what life is like beyond ‘the poverty trap’ they are in. We prize ourselves, when one out of every two children is poor. Can you imagine growing up as one of the 640 million kids whom have no adequate shelter, let alone a place to call home? Or the 400 million to whom safe drinking water is simply a figment of their imagination? Or maybe the 270 million who have no means of getting health care?

Read More

More about Economic Wealth In Australia

Related Topics

Open Document