Growing social inequality in Singapore

[Confuseous]

Professor Aneel felt that Singapore needed to debate what it can do to reduce social inequality. Our economy grew 14.5% in 2010 but our gap between the rich and the poor was the second largest among all developed economies, second only to Hong Kong. Our Gini coefficient, which measures income inequality on a scale between zero to one, has risen from 0.43 in 2000 to 0.452 last year despite government transfers of wealth through schemes like Workfare bonus and Growth dividend pay-outs. The Gini average among the developed economies represented by the members of the Organisation for Economic Cooperation and Development (OECD) is 0.31.

- http://yeejj.wordpress.com/2011/09/14/social-inequality/

 

[makapaaa]

60%: Still got coolie rice to eat right? *chey*