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Income disparity or wage gap is a term used to describe inequities in average pay or salary between socio-economic groups within society, or the inequities in pay between individuals who produce the same work. Income disparity generally occurs when certain groups within society suffer from social inequality within a society.
Common examples include:
- lower average income for females than males
- Income discrepancy between minority ethnic groups and the majority.
- The income gap between the wealthy and the poor.
See also
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