Johnny Ch Lok

Can Any countries Economic Growth Johnny Ch Lok

Why does the country's economic growth lead negative income inequality influence? Does either the country's high economic growth lead high income inequality or its low economic growth lead low income inequality in appropriate rate? I shall explain that what reasons to lead income inequality, when the country has high or low economic growth influence as below: Many economists believed that the relationship of reverse causation from inequality to growth. It has a negative relationship between high economic growth and income inequality. I assume that the gross domestic products per capita to the level of inequality in income distribution. The unequal distribution of income seems similarity to the economic development process. In fact, the first time, the economic development tends to increase inequality, but the trend is reversed, inequality stabilizes, the decrease until it reaches the lowest level that can be seen in the industrialized economies. So, when the country is encountering farming or agricultural economies or this farming industry won't be easier to lead income inequality. Such as Africa is a farming industry African income level won't have significant income inequality, due to it lacks high technological economic development in itself country and its main jobs are most relate to farming, low technological and low educational need of different kinds of farming jobs. So, the high income and low income people's salaries are not significant difference too much. Otherwise, industrialized economic country, such as China, many Chinese workers are working in different kinds of industrialized jobs in China. However, although, the industrial industry brings economic growth in China society. But, China's high and low income of industrialized workers' wages, they have large significant difference. For example, the computer programmers and computer inventor salaries and the computer manufacturing workers' salaries, they have large significant difference, for another example, the vehicle designer and vehicle inventor salaries and vehicle manufacturing workers' salaries, they have large significant difference. Due to computer programmer or computer inventor needs have high technical knowledge, but computer manufacturing needs have low technical knowledge as well as vehicle designer or vehicle inventor needs have high vehicle components knowledge to invent any kinds of new styles of vehicles, so their salaries must have high income significant difference to compare the vehicle or computer manufacturing worker. Hence, due to their educational and skillful level is significant difference, so it causes their income will have much significant difference in industrialized industry.