4min chapter

The Next Big Idea Daily cover image

How Economics Explains the World

The Next Big Idea Daily

CHAPTER

Understanding Income Inequality and Gender Pay Gaps

This chapter explores income inequality and its effects on social mobility, contrasting egalitarian approaches in Scandinavian countries with the static nature of Brazilian society. It highlights the gender pay gap, identifying key factors contributing to its persistence and emphasizing the need for a restructured workforce to ensure equitable opportunities.

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