Social inequality is without a doubt a menace to society, that is why we need to be the change we want to see in society. Listed below are some reasons why we need to solve social inequality in Singapore.
Solve health problems:
People in more unequal societies have shorter life expectancies, and mortality rates are higher. This is true for both the poor and the wealthy. As a result, infant mortality, mental illness, and obesity have all increased by a factor of two to four. HIV infection rates are higher in countries with a greater disparity in wealth between rich and poor.
Fortifies relationships in the society:
More unequal societies have lower levels of social cohesion, including trust and social capital. For women's rights and equality, the situation is worsening. Property crime and violence, particularly homicide, are more common in societies with greater urban poverty.
Development of human capital:
More unequal countries have lower UNICEF child well-being scores, and this trend continues as inequality rises in the Singapore poverty line. More young people are dropping out of school, working, or training altogether, and more teenage girls are becoming mothers as a result. Inequality impedes social mobility – greater equality of outcomes increases equality of opportunity. As a result of greater social mobility, more equal countries tend to have higher rates of innovation.
Progress and stability in the economy:
Income inequality hinders the fight against urban poverty. According to the IMF, improving long-term growth and reducing inequality may be mutually reinforcing. Inequality has been linked to slower long-term growth in both rich and poor countries. Boom-bust cycles are more frequent and severe in unequal economies, making them more unstable and prone to crises.
Ecologically sound economic systems:
Inequality fuels personal debt and consumerism. To volunteer in economic opportunities in Singapore is a great way to give back to the community. Equally, business leaders value international environmental agreements more. Inequity among nations hinders international efforts to combat climate change.
It is always fulfilling to give back. Visit The Best Of You to learn more about their philanthropic efforts.
