Wednesday, October 22, 2008

OECD: Income inequality grows since 1980s

The Organization for Economic Cooperation and Development, composed of 30 member countries mostly from Europe, said Wednesday that the income gap grew among most of its members in the last two decades.

France, Greece and Spain were among the countries where income inequality lessened, while over the past five years, the widest increase in the gap occurred in the U.S., Canada, Germany and Norway.

Rising unemployment among the poor and uneducated was given as the most important reason for the growing inequity.

Earthtimes (press release)

Income Inequality Grew in Most Countries Since 1980s, OECD Says
Bloomberg - 3 hours ago
By Jennifer Ryan Oct. 21 (Bloomberg) -- The gap between rich and poor increased in three-quarters of countries in the Organization for Economic Cooperation and Development over the last two decades, the group said in a report today.
Poverty gap increasing, says OECD BBC News
Study shows gap growing between rich and poor BusinessWeek

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