17 May 2011

Some news on increasing inequality



News from the High Pay Commission that the UK risks a return to Victorian levels of inequality:
"...a new ICM poll shows that 72% of the public think high pay makes Britain a grossly unequal place to live, while 73% say they have no faith in government or business to tackle excessive pay."
Meanwhile the Guardian data blog shows that the proportion of national income controlled by both the top 1% and top 10% is rising sharply.

Meanwhile a 2010 report from the Centre for Economic Policy Research at the Australian National University on Evidence and Perceptions of Inequality in Australia shows that:
..Australia has become a more divided and less fair society since the 1980s.
It's interesting that whilst there is widespread concern about increasing inequalities there appears to be very little political will to tackle the issue.