Monday, May 18, 2015

Fact of the Day - UK Inequality

According to the Dublin Foundation for the Improvement of Living and Working Conditions, the EU’s agency for life at work, the UK has the worst GINI coefficient of any EU member state. GINI measures the distribution of income among a nation’s residents and is one of the most commonly used indicators of inequality.

The UK has the highest level of wage inequality in the whole EU with a Gini index of 0.404 in 2011, making it fractionally more unequal than even the US.

The UK is remarkable for its polarisation: it accounts for a very significant portion (nearly half) of the top 1% of wage earners in the EU,

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