EU sources -Gap widens between rich and poor -May 21, 2015

Income inequality has reached record highs in most OECD countries and remains at even higher levels in many emerging economies.

The OECD-report In It Together: Why Less Inequality Benefits All documents that income inequality has reached record highs in most OECD countries and remains at even higher levels in many emerging economies. The richest 10% of the population in the OECD now earn 9.6 times the income of the poorest 10%, up from 7:1 in the 1980s and 9:1 in the 2000s. The report also shows that wealth is even more concentrated at the top than income, exacerbating the overall disadvantage of low-income households. In 2012, the bottom 40% owned only 3% of total household wealth in the 18 OECD countries with comparable data. By contrast, the top 10% controlled half of all total household wealth and the wealthiest 1% owned 18%.

English: http://www.oecd.org/social/in-it-together-why-less-inequality-benefits-all …

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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