Why Does Income Inequality Exist? – Introduction
Again, it will be like a man going on a journey, who called his servants and entrusted his wealth to them. To one he gave five bags of gold, to another two bags, and to another one bag, each according to his ability.
There is a lot of talk in today’s world about income inequality and most of that talk casts income inequality in a negative light. Many do not understand the true economic picture or some of the reasons why income inequality exists from a Biblical or economic standpoint.
This paper will seek to better define what income inequality is, how it emerges in society and its impact. Based on that understanding, we can better understand today’s income inequality in light of Biblical teachings and what our response should be as Christians, particularly in our own vocation.
It is important to note that this paper does not seek to explore every factor of why income inequality may exist, nor does it seek to defend the status quo. We as Christians are called to seek justice and to care for the poor. We must be at the forefront of this discussion on income inequality – understanding where it is natural, and challenging the status quo where it is unjust. Corruption and injustice that cause poverty must be eradicated. Christians must also be leaders in cultivating and protecting an economic environment that creates opportunity for those in poverty to enjoy upward mobility through the dignity of work.
Part one of this paper seeks to look at the reasons for income inequality from an economic perspective. Part two will look at some of the natural reasons for income inequality in Scripture.