1.

Record Nr.

UNINA9910459790003321

Titolo

Income and wealth inequality / / edited by Justin Healey

Pubbl/distr/stampa

Thirroul, New South Wales : , : The Spinney Press, , 2015

©2015

ISBN

1-922084-65-4

Descrizione fisica

1 online resource (60 pages) : colour illustrations

Collana

Issues in Society ; ; Volume 382

Disciplina

339.20994

Soggetti

Income distribution - Australia

Wealth - Australia

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes indexes.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Chapter 1. Measuring income and wealth inequality -- Chapter 2. Impacts of the wealth divide.

Sommario/riassunto

Australia is one of the wealthiest countries in the world and has long prided itself on being an egalitarian society. However, there is a growing divide between those with the most and those with the least. Income inequality has grown as the minimum wage and unemployment benefits have failed to match the rise in average earnings, resulting in a divergence between low-income earners and average Australian wage earners. Current estimates indicate that senior executive pay is 150 times greater than average weekly earnings. In addition to income disparity, wealth in Australia is also unequally distributed, with household wealth being heavily skewed to 'real assets' - essentially, property ownership. How are income and wealth inequality measured in Australia, and what are the impacts of this rising inequality? Should we be trying harder to bridge the gap between the haves and have-nots?