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Wealth Inequality Rises (Again)

August 2nd, 2007 at 07:14 pm

Figures published in today's Sydney Morning Herald show while the disposbale income of low-income households rose by 31% in real terms over the past decade, high-income households saw their disposable incomes rise by 40% in the same period.

The popular assumption is that this is a "bad thing" - and it is when the increasing the gap between rich and poor causes social friction and reduces social harmony. But it can't be all that bad when the "poor" households have still seen their disposable income increase by a hefty 31% in real terms over ten years.

Copyright Enough Wealth 2007

1 Responses to “Wealth Inequality Rises (Again)”

  1. Amber Says:

    Interesting, we can never explain the socio-economic gap between the rich and poor especially when it comes to health (i.e. diseases)

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