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In a wealthy city such as Sydney, wealth is usually very unequally shared. In Australia the top 50% owns 0% of total wealth and the other half of the 50% own 10% of total wealth of Australia. This shows that poverty is a great issue of Australian cities. As people living in poverty increases in Australia, the people working poor have also increased. Some of the most important reasons for the presence of working poor class must be seen to rise from the structure of the money/power flow in Australia and from the unemployment rate.
Research from the National Venture for Social and Economics Modeling show that woman at the top increased their salaries by % where woman at the bottom decreased their salaries by %. (Michelle Gumn June 1 New Class divided that's all in the Family) This shows the structure of the money flow in Australia where the wealthy gains more chance of becoming wealthier and the poor gains more chance of becoming poorer.
The wealthy people own property where benefits/interests from the property/bank increases which make up the extra savings. On the other hand, the poor people would borrow money for a mortgage and pay the interest from bank or pay the house renting fee from monthly income leaving no available savings. Having no savings results the poor people to need for extra money which results in people working poor.
Another factor that makes the class of working poor present can be seen to have come from the power that people have from workforce or from birth. The people with a low salary are usually in a low position at work. This means that they will be the first to be targeted to leave if the company goes through a bad situation. When such a situation happens, the workers would have no extra savings and would be in a situation where they have to work with little income in order to pay for the immediate living/housing.
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Also power and money affects most people from birth. It takes away the chances of opportunities for children from birth. Around1 in 8 of children in Australia live in Poverty, and this continues through generations.
Thus the working poor class is present in Australia's wealthy cities because of the way that the social structure is made. The structure implicates the poverty more and divides Australia into money, class and power that increase the class of working poor.
One of the other reasons for the class of working poor in wealthy cities of Australia can be seen to arise from the issue of unemployment. As most the large wealthy cities have a connection to global market place, the increase in globalization results in 0% of products on shelves being from foreign countries which helps in the unemployment rate.
Another reason for unemployment rate must be seen to rise from various groups of disadvantaged people such as new immigrants, the indigenous, the disabled, sole parent, and from the refugees. Again it is these unemployed people who make up most of the class of working poor, and it is these people who feel pressures from global change. The unemployed goes through poverty and gains poor health from stress, crowded housing and poor nutrition. Sometimes they become homeless.
Therefore, many large, wealthy cities such as Sydney have great unequally shared wealth among the people and have impact from globalization which results in unemployment rate. Thus great cities with wealth are more likely to have a class of working poor as globalization in such cities increases the unemployment rate and such cities carry a structure of the power of wealthy people that enables the wealthy to get wealthier and the poor to get poorer which makes the people of the poor class to work with poor income.
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