Poverty And Inequality Will It Continue To rise?

As our population grows, the pressure on natural resources will increase. The United Nations estimates that by 2050 there will be around 10 billion people living on Earth. With a projected population of 12 billion by 2100, it is not hard to see that the cost of living will only increase.

The population is growing.

The world’s population is growing. In 1990, the of people in the world was 6.6 billion. It is expected to reach 7.1 billion by 2030 and is expected to reach 9.7 billion by 2050. At this rate, the world’s population will double in 30 years, as previously estimated. The median age is also on the rise. In 2000, the median age in the United States was 29.9 years. The U.S. median age is 31.8 years today. A world with 2 billion more people The world’s population is expected to reach 12 billion by 2050. This will be equivalent to having 2 billion more people living in the United States in 2030, as they have from today. It is also the second time in history the world is expected to have more than 8 billion people, the last time being before the industrial revolution in the early 1800s.

The cost of living will increase.

The price of goods will rise. We will need to consume more energy to power our infrastructure Growth for the majority of the population is expected to decline, as automation will replace jobs requiring human labor. Higher prices, low wages, and a diminished standard of living will be the order of the day. If we look at a long-term view of the population growth in India and China, it is pretty telling. The number of Indian and Chinese people living on Earth is likely to be approximately 3.9 billion by the end of this century. This is a far cry from the 3 billion that will be on Earth by 2050. In recent decades, the general population has experienced a range of difficulties, including political upheaval and, more recently, an economic slowdown.

The pressure on natural resources will increase.

A key contributor to growing pressure on natural resources is a rising population. With a growing population, the people will need to be fed. If food production does not increase by at least 2.5% each year, we will reach a point of maximum sustainability. We are currently almost 10% above this target. Technological change Another contributor to the increased pressure on natural resources is technological change. We can produce a lot more with less and store a lot more, reducing the need for imports and increasing the reliance on locally grown food. This means fewer crops and other products are produced and, ultimately, fewer jobs and less wealth. There are also other reasons for poverty. Income inequality affects us all.

Governments will not act.

Globally, governments are not acting to reduce the global crisis of poverty and inequality. Governments have been cutting aid, food, and social programs that help the poor to fight poverty. Over the past 15 years, the United States government has reduced its foreign aid budget by 44 percent and Canada’s by 42 percent. International poverty rates have been stagnant for the past two decades. According to The World Bank, the global poverty rate rose from 11 percent in the 1990s to 12 percent in the 2000s. The World Economic Forum found that 67 percent of the world's poor are living in developing countries. The United Nations estimates that the percentage of poor in developing countries will only continue to grow.

Taxes will not be increased.

There will not be much extra money to spread around because many people are expected to outnumber the number of workers by 2050. Private Ownership Will Be Limited With fewer workers, one would expect to see some changes in the distribution of ownership in the workplace. Some employees may become owners of a company. Investment Will Become More Concentrated Workers will lose their voices in the running of companies and will have less access to senior management. Government Spending Will Increase With fewer workers contributing to the economy's growth, it is likely that government spending will rise. Capital Gains Tax Will Be Decreased Personal returns from the investment will be limited due to the low tax rate on income earned. There will be limited welfare options.

Conclusion

The message we all need to heed is that the global economy needs to change. New industries and technologies that can improve efficiency in all areas of life, such as water use, food production, consumption, etc., need to be developed to avoid environmental damage and improve our quality of life.