Revolting Europe
Gulf between rich and poor widening
The gap between rich and poor has grown even in the most traditionally egalitarian European countries, such as Germany, Denmark and Sweden, with the average income of the richest 10% compared to the poorest 10% rising from 5 to 1 in the 1980s to 6 to 1 today, according to an OECD reported published in December 2011, Divided We Stand: Why Inequality Keeps Rising” . The gap is 10 to 1 in Italy.
OECD, December 2011
|
Country
|
Pop, avg % income change
|
Poorest 10%, avg % income change
|
Richest 10%, avg % income change
|
2008 Gini score
|
Better than 1985?
|
|---|---|---|---|---|---|
|
The OECD report examined earnings in each of the OECD’s 34 member countries, basing its measurements on the Gini coefficient, where countries are ranked between a figure of zero where everyone earns the same to 1 – where the richest person has all the income. See detailed reports on Germany ; Italy ; France ; Spain |
|||||
| Australia | 3.6 | 3 | 4.5 | 0.34 | Worse |
| Belgium | 1.1 | 1.7 | 1.2 | 0.26 | Same |
| Canada | 1.1 | 0.9 | 1.6 | 0.32 | Worse |
| Czech Republic | 2.7 | 1.8 | 3 | 0.26 | Worse |
| Denmark | 1 | 0.7 | 1.5 | 0.25 | Worse |
| Finland | 1.7 | 1.2 | 2.5 | 0.26 | Worse |
| France | 1.2 | 1.6 | 1.3 | 0.29 | Better |
| Germany | 0.9 | 0.1 | 1.6 | 0.3 | Worse |
| Greece | 2.1 | 3.4 | 1.8 | 0.31 | Better |
| Hungary | 0.6 | 0.4 | 0.6 | 0.27 | Same |
| Ireland | 3.6 | 3.9 | 2.5 | 0.29 | Better |
| Israel | 1.7 | -1.1 | 2.4 | 0.37 | Worse |
| Italy | 0.8 | 0.2 | 1.1 | 0.34 | Worse |
| Japan | 0.3 | -0.5 | 0.3 | 0.33 | Worse |
| Luxembourg | 2.2 | 1.5 | 2.9 | 0.29 | Worse |
| Mexico | 1.4 | 0.8 | 1.7 | 0.48 | Worse |
| Netherlands | 1.4 | 0.5 | 1.6 | 0.29 | Worse |
| New Zealand | 1.5 | 1.1 | 2.5 | 0.33 | Worse |
| Norway | 2.3 | 1.4 | 2.7 | 0.25 | Worse |
| Spain | 3.1 | 3.9 | 2.5 | 0.32 | Better |
| Sweden | 1.8 | 0.4 | 2.4 | 0.26 | Worse |
| Turkey | 0.5 | 0.8 | 0.1 | 0.41 | Better |
| United Kingdom | 2.1 | 0.9 | 2.5 | 0.34 | Worse |
| United States | 1.3 | 0.5 | 1.9 | 0.38 | Worse |
| OECD-27 | 1.7 | 1.3 | 1.9 | 0.32 | Worse |
Discussion
2 thoughts on “Wealth inequality”
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to send a clear message to the 1% burn the banks and hang a few ceo’s. they’ll never have enough corrupt cops to protect them from the mobs when they arrive at their mansions
Posted by frodot | May 14, 2012, 6:53 pm