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Inequality is about the ratio of high earners to low earners. What you have linked to is a different concept, i.e. absolute income. Income inequality in china a
by RyanHamilton 4y ago
Inequality is about the ratio of high earners to low earners.
What you have linked to is a different concept, i.e. absolute income.
Income inequality in china also increased, see figure 5:
https://blogs.lse.ac.uk/businessreview/2019/04/01/income-inequality-is-growing-fast-in-china-and-making-it-look-more-like-the-us/ https://blogs.lse.ac.uk/businessreview/2019/04/01/income-ine...
Imagine you live in a neighbourhood of 50 people. Everyone starts earning more, that's absolute income increase. Then imagine your richer neighbours income has increased 100x faster than anyone else, that's income inequality.