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Articles on Income inequality

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Households feeling the pinch from frozen wages feeds into slower economic growth, and policymakers need to find a solution. Bacho/Shutterstock

This is what policymakers can and can’t do about low wage growth

Governments can’t undo the technological changes behind frozen wages and rising inequality. The best policy is to invest in education and training to give workers skills of value in the new economy.
The gulf between what Domino’s CEO Don Meij earned in 2017, A$36.8 million, and those who deliver the pizzas is extraordinary, so is the CEO worth that much? Paul Miller/AAP

CEO pay is more about white male entitlement than value for money

The evidence suggests the impact of CEOs on company performance isn’t enough to justify their sky-high pay, which is really based more on a culture of power and privilege.
The big global cities might be engines of growth but are also where the deepest troughs of poverty and injustice are found. Jorge CMS/Shutterstock

Aim for cities of all sizes to give everyone a fair go

The largest cities in Australia and the US are both the richest and the most likely to push out low-income earners. Having cities of all sizes will increase people’s choices of where to live and work.
Forecasting income tax a decade into the future is a tricky proposition. AAP Image/Joel Carrett

The Coalition’s income tax cuts will help the rich more, but in a decade everyone pays more anyway

The income tax cuts in the 2018 federal budget are likely to be modestly regressive, giving high earners a lower share of the overall tax burden. But by 2028 income tax will be higher across the board.
The global economy enables a wealthy elite to accumulate vast fortunes while hundreds of millions of people struggle to survive on low wages, according to an Oxfam report. EPA/Mast Irham

Inequality is not inevitable, it’s a policy choice, says Oxfam

The rich have to be taxed more and the poor need to be paid more, according to Oxfam International head of inequality policy Max Lawson.
Prince Edward Island ranks first in Canada’s Early Childhood Report 2017; Nunavut scores lowest, devoting only 0.9 per cent of its budget to early childhood education. (Shutterstock)

Canada must invest more in early childhood education, says new report

Schools across Canada should ‘grow down’ and offer two years of full-day preschool, according to a new report. This would allow mothers to work, improve child outcomes and reduce income inequality.
The tech sector has long had a diversity problem. AP Photo/Elaine Thompson

White men may be biggest winners when a city snags Amazon’s HQ2

Amazon, like the entire tech sector, has suffered from a lack of diversity in its workforce. This trend is likely to continue when it opens a second headquarters in one of 20 cities.
Got a spare $250 million? If you’re among the 0.1 percent, you probably do. Bruce Makowsky

How rich are the rich? If only you knew

Income inequality, the most common way to measure the gap between the rich and the poor, only tells part of the story. Wealth inequality tells the rest.
Jeff Bezos is now the richest person in the world. Reed Saxon/AP Photo

The world on a billionaire’s budget

There are about 2,000 billionaires in the world, controlling over $7.6 trillion. How does that compare to the income of an average American?

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