The Effects of Income Inequalities on Society
The video argues that the gap between the rich and the poor is rising faster in the developed economies of the world such as the US, the UK, and France among others compared to the developing world. It is also argued that while the developed nations have huge gross domestic product figures, such measures are not useful in measuring the wellbeing of their populations (Wilkinson, 2011). The gaps in income between the rich and poor, for example, has resulted in reduced trust levels among society members, reduce child welfare, reduce the involvement of the populace in social development projects and increased prevalence of mental illnesses. Furthermore, the video suggest that wider income gaps between the two categories of social classes results in higher rates of homicide cases, school dropouts, and reduced rates of social mobility.
The Popularity of Business Incubators
The video deals with the manners in which entrepreneurs who do not have enough finding to rent an urban office space can manage such costs. According to this presentation, the founder of the business incubator obtained the original idea from a magazine and decided to try it out. The new idea describes the entrepreneurs from different filed can share the same office space, which allows them to share their ideas and skills (VOA News, 2011). Apart from this exchange of skills and ideas, the business incubator allows individuals to save the costs of renting office space in urban areas and enables them to find people with whom they can converse. The video suggests that people should buy this new idea instead of choosing to work form their homes where they are limited in terms of the facilities that they can access and the ideas that they can develop.
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References
VOA News (2011). Business Incubators Becoming More Popular. YouTube . Retrieved 28 January 2018, from https://www.youtube.com/watch?v=-aIyAZmZs_Y
Wilkinson, R. (2011). How economic inequality harms societies . YouTube . Retrieved 28 January 2018, from https://www.youtube.com/watch?v=cZ7LzE3u7Bw
