Economics @ ITT

Income Inequality Has Risen In Vast Majority Of Developed Countries—Even In Sweden

Posted in economics, macroeconomics by ittecon on May 4, 2011

With the exception of France, Japan and Spain, wages of the rich have grown more than those of poor since the mid-1980s, the report finds. That has something to do, according to the OECD, with the declining number of average hours worked by low-wage workers, even in comparison to also declining hours worked by the high-wage workforce. Only in Greece and the United States, the report finds, have the average number of hours worked risen for the bottom quintile while declining for the top.

Story: Income Inequality Has Risen In Vast Majority Of Developed Countries — Even In Sweden.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: