5 ms·
Hi Patrick - I just found a good source of statistics on this point here: http://topincomes.g-mond.parisschoolofeconomics.eu/#Database http://topincomes.g-mond.
by MarkMc 13y ago
Hi Patrick - I just found a good source of statistics on this point here:
http://topincomes.g-mond.parisschoolofeconomics.eu/#Database http://topincomes.g-mond.parisschoolofeconomics.eu/#Database:
Figures for the top 1% income share including capital gains:
Japan 1995: 8.67%
Japan 2010: 10.44%
United States 1995: 15.23%
United States 2010: 19.86%
And for the top 0.01% income share including capital gains:
Japan 1995: 0.82%
Japan 2010: 1.03%
United States: 1995 2.46%
United States: 2010 4.78%
So at the extreme end of the scale, income inequality is not just greater in the US but growing at a faster rate.
- cjblomqvist 13y agoI think Hans Rosling's TED talk may provide some interesting information: http://www.ted.com/talks/hans_rosling_shows_the_best_stats_you_ve_ever_seen http://www.ted.com/talks/hans_rosling_shows_the_best_stats_y... Basically, he argues (perhaps my interpretation) through statistics that income equality is very significantly related to what is typically considered a good country to live in, which in contrast to many, does not include salary/GDP and such monetary stats but rather how long you live, infant mortality rates, social mobility, etcetera, where the Nordic countries and Japan outperform all other countries (more or less) and where the USA have it really difficult to compete against other Western/developed nations. Thus, one can quite easily argue that regardless of the adjusted GDP growth, Japan has managed to develop in a much more healthy way compared to the USA, which may be because of the quickly rising income equality.