Skip to main content

Social Contract Unravels in Rich Countries as Widening Income Gap Favors Bankers, Executives

Pat Garofalo @ ThinkProgress - According to a new report by the Organization for Economic Cooperation and Development, income inequality — which has sparked the Occupy Wall Street movement in the U.S. — is increasing all across the developed world, led by bankers and executives reaping bigger and bigger income gains. In the OECD countries, the richest 10th of the population makes about nine times as much in average income as the poorest 10th , a significant increase from the gap in the 1980s:  Read more.

Comments

Popular posts from this blog

Bolivia’s Evo Morales Forced to Resign in Coup d’État