Wage and Income Distribution

Wage and income distribution refers to how money earned by individuals and households is spread across different segments of a population. Typically, some people earn much higher wages than others, leading to a gap between the rich and the poor. Factors such as education, job type, and industry can influence these earnings. A more equal distribution means that income is shared more fairly among people, while a more unequal distribution often leads to economic disparities and social challenges. Understanding this distribution helps analyze economic health and inform policies aimed at improving equity and opportunity.