Triangle Model Of Economic Inequality

Economic Inequality Report 1
PART 1
Our group will be discussing the issue of Economic Inequality. We will be using the
triangle model to identify and examine the related social ideologies of classism, patriarchy, and
capitalism, as well as describe the ways in which corporations play in the matter.
Economic Inequality can be defined as the unequal distribution of income, pay, and
wealth, among society (The Equality Trust, 2017, para 1,2,3).
We chose this social issues because we are from communities that are economically
unequal from the majority. We have all grown up with the human consequences of an unequal
system of economic distribution. It is an issue that we have lived through, and with, our entire
lives. We are here today as part of

a path to help change our life situations, as well as the lives of
others, that are affected by this social issue.
Currently, unequal global economic distribution, has created large gaps among people,
while affecting the triple bottom line (environmental, social, and economic factors) of many
communities around the world. These conditions faced by those on the low end have created a
system that is hard to escape. Many people living in poverty do not have the resources, such as
education, food security, access to information, representative local government, etc, to help
themselves get out of their situations.
The World Bank defines extreme poverty as those living under US$1.90 a day.
According to their most recent research on global poverty rates (2013), in 2013, 10.7% of the
global population lived on less than this amount. A figure they suggest has dropped from 12.4%
the previous year.
Although poverty rates have reduced globally, much of this progress has also been
unequally distributed. The largest contribution to the reduction comes from East Asia and Pacific
(71 million out of extreme poverty) , driven mainly by China and Indonesia, as well as South
Asia (37 million out of extreme poverty), with India being the largest contributor in the region.
Of those living in extreme poverty, half of those live in Sub-Saharan Africa; whose numbers fell
by only 4 million, still leaving 389 million living on less that US$1.90 a day. That number alone
is more than all the other regions combined (The World Bank, 2013, para 3).