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Income disparity

Income disparity Definition

An income disparity or wage gap is most commonly an inequality in pay or salary for equal labor.

For example, these terms are commonly used to describe the income differences between males and females for the same job or labor. However, they may be used in any situation when wages are arbitrarily different between two or more groups.

However, income disparity is also used by those people concerned with the low level of the minimum wage, relative to the income of the wealthy. In this context, it is not equal money for equal work as it is in the previous sense, but the sense that money should be a just reward, earned when deserved at the rate that is deserved. For example, many jobs the poor take on involve much harder labor than jobs the rich take, and some rich people never work. If that were the case, that would be income disparity, a man works all day and makes less money than a man that does not work.




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