A new perspective on income inequality
Jul. 19th, 2016 10:59 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
birguslatroThe following article is pointing out that for many households in western economies, their incomes have been flat or falling over the last decade...
http://www.mckinsey.com/global-themes/employment-and-growth/poorer-than-their-parents-a-new-perspective-on-income-inequality
An interesting difference though can be seen in this graph. While some countries have a similar number of households experiencing a drop in incomes, when you compare their disposable incomes, the results can be very different. For instance, the incomes of 70% or more of US and UK households have been flat or been going backwards. However, it's near 0% for disposable incomes among US households while it's 60% in the case of UK households.
It's tempting to think this just reflects the different health systems in those two countries, except France and the US show similar results, and France has a public health system like the UK.
So maybe the US is more socialist than we think? (Or the UK less so...)
http://www.mckinsey.com/global-themes/employment-and-growth/poorer-than-their-parents-a-new-perspective-on-income-inequality
An interesting difference though can be seen in this graph. While some countries have a similar number of households experiencing a drop in incomes, when you compare their disposable incomes, the results can be very different. For instance, the incomes of 70% or more of US and UK households have been flat or been going backwards. However, it's near 0% for disposable incomes among US households while it's 60% in the case of UK households.
It's tempting to think this just reflects the different health systems in those two countries, except France and the US show similar results, and France has a public health system like the UK.
So maybe the US is more socialist than we think? (Or the UK less so...)