Finns have good schools, public transport, and the difference between the highest- and lowest-paid is quite small. These are factors in high levels of happiness.
Most of the gains from the record economy went to those at the top, while everyone else saw much smaller gains – if any – in income and wealth.
Forida, who earns about 35 cents (AUD) an hour as a garment worker, subsists on watery rice when her family’s money runs out so her son may eat better.
GMB Akash/Panos/OxfamAUS
We wear the evidence of extreme inequality – clothing made by workers in Bangladesh for 35 cents an hour. But we know how to reduce inequality – we just have to do it.
Aggregate demand is being hit by the concentration of income growth among the top earners and is now a drag on economic growth.
Shutterstock
News that Australian CEO pay has soared to a 17-year high at a time when ordinary workers’ wages are flatlining is ultimately bad news for economic growth and prosperity.
Would you share your pay information?
Shutterstock
Mark Smith, Grenoble École de Management (GEM) e Maria Gribling, Grenoble École de Management (GEM)
A range of pressures are forcing companies to consider being more open about pay structures, levels and gaps. What are the risks and potential benefits of being more transparent?
Women face myriad barriers running for office and it’s time to knock down those obstacles starting at the municipal level.
In this November 2017 photo, Foreign Affairs Minister Chrystia Freeland sits between Maryam Monsef, Minister of Status of Women, right, and Marie-Claude Bibeau, Minister of International Development and La Francophonie.
(The Canadian Press/Sean Kilpatrick)
Canadian women are under-represented in politics and are hesitant to run for office for myriad reasons. Here’s what needs to be done, especially at the municipal level, to get more women in office.
Tennis is one of the most unequal professional sports.
AAP
Only a few professional tennis players make a stable income, let alone vast riches. Research suggests it’s this small chance of a huge payoff that drives players to play professionally