Labor Market Inequality

Labor market inequality refers to the disparities in wages, job opportunities, and working conditions among different groups of people. This can be influenced by factors such as education, gender, ethnicity, and location. In the context of inequality and development, these disparities can hinder economic growth and social stability, as not everyone has equal access to good jobs or fair pay. Addressing these inequalities is crucial for fostering inclusive development, ensuring that all individuals can contribute to and benefit from economic progress.