As a result, the social welfare of those developed nations decreases. It is thus more difficult for workers to find a job in line with their skills and qualifications; they receive a lower income and they have less time for leisure activities. Plus, this international division of work may lead to economic disequilibrium in developing countries. To get wealthier, they focus their economic activity on the trade with developed countries instead of focusing on their own economic development. This can lead to a shortage of food in third world countries and to starvation of their population, as some of those countries are exporting the major part of their production to developed countries.
This means that, as you get older or get ill, you will have to stop working therefore not earn any money and slip into poverty. He also found that poverty is not a result of being lazy. Some people do work very hard but earn little money and it is not their fault. Rowntree also discovered that the main percentage of people living in poverty was because of a large family. This means that people are not getting enough money to help buy food and decent homes for their families.
Class differentiation in the Dominican Republic may lead to lack of opportunities towards the lower class while high class enjoy the luxuries of a more lavish lifestyle. As I roamed the city looking for pictures of class differentiation I noticed that low class men and women had much less opportunities. Stereotypes towards the low class unable them to be successful and have a lavish lifestyle like the ones high-class people have. For example, if a businessman is looking to start a business and hire people, this man will have his mind preset and will think poorly of low class workers. “Low-class workers are all lazy and are late to work,” he would say.
Debt is something else that is very hard to overcome. Due to the fact that poor people are poor, there is less trust between them and banks. Therefore they pay more interest than many other people. High interest rates prevent people from coming out of debt. They will always have to pay more than other people even though they are the one making less money than everyone else.
Therefore they have limited rights when it comes to employment and their desperate nature to support themselves or their families leads them to hazardous working conditions and wages much lower then the minimum wage. In Mexico city some workers earn 20% less then the minimum wage. The poorest workers are the pepenadores or the rubbish collectors. They earn a living from selling salvaged bits of metal and plastic. There is also a huge discrepancy in the distribution of income as the poorest 40% of the population control less then 12% of the country's personal income.
SES can influence a person’s education level, quality of health care, diet, place of residence, even stress level. One example being, an individual that has a low socioeconomic status may have a lower education level than an individual with a higher SES thus resulting in a lower paying job. This lower paying job may then result in diminished health care, poor diet, and a higher stress level. An individual only having a high school education, working part time at a fast food restaurant with a family to support, would have a much lower socioeconomic status than an individual working the same job, making the same amount of money while attending college. Socioeconomic status impacts human growth and development from birth until death and can dictate the quality of our lives.
In turn, this limits their chances for financial success. Segregation of communities by economic class contributes to under-representation because poor communities most likely lack the education needed for individuals to gain political power. Since people prefer to live in the nicest area that they can afford, however, improved economic class may allow them to move to a more affluent community where it is likely that the majority of people have a different culture and share different beliefs. In this way, racial identity has the effect of determining one"tms economic class if one is of a minority race. This most likely would result in a loss of culture and ethnicity.
Consumers aged 15 to 29 had poor credit quality and they were considered to be low users, therefore they were not as attractive to current players. The cost to acquire a customer was roughly $370 and the average monthly bill was $52. The average cost to serve one customer was $32. Virgin Mobile was able to identify this niche, its needs and where they usually bought for electronics. The company knew that these customers’ usage was inconsistent and that they did not like the confusion current rates created.
If people are educated, they become aware of their health. But, in the current system in America, lower class people have less opportunities in going to college or having a minimum level of education. The rate of dropping out from college is higher in lower class. Women from lower class face the same problem, in some cases, more than a man. Their lack of education prevents them from having a good job.
Official statistics, in sociological research, are secondary sources originally produced and published by official sources such as the government, and they provide large-scale statistical data. Low income is directly linked with underachievement. A poor home environment is destructive to educational success: a lack of resources to cover hidden costs, a lack of educational equipment/extra-curricular activities and a poor diet all contribute to a lower academic performance compared to somebody who has access to all of the above. However, these areas are personal, complex issues. 'Soft' statistics are unclear and many claim that they are social constructs reflecting the ideologies of those conducting the research, rather than valid studies of poverty and its complex, interrelated issues.