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He shares why about Singapore's falling Gini Coefficient and why it shouldn't bother us!
3 quick points -
1. Gini Coefficient measures income gaps but does not tell if the overall standards of living has improved.
2. With narrowing income gap and higher income, Singapore seems to be in the right direction.
3. The very nature of our city state and open economy may have caused our perceived income gap.
http://www.fivestarsandamoon.com/singapores-falling-gini-coefficient-and-why-it-shouldnt-bother-you/
3 quick points -
1. Gini Coefficient measures income gaps but does not tell if the overall standards of living has improved.
2. With narrowing income gap and higher income, Singapore seems to be in the right direction.
3. The very nature of our city state and open economy may have caused our perceived income gap.
http://www.fivestarsandamoon.com/singapores-falling-gini-coefficient-and-why-it-shouldnt-bother-you/
