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Record Nr. |
UNINA9910459790003321 |
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Titolo |
Income and wealth inequality / / edited by Justin Healey |
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Pubbl/distr/stampa |
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Thirroul, New South Wales : , : The Spinney Press, , 2015 |
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©2015 |
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ISBN |
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Descrizione fisica |
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1 online resource (60 pages) : colour illustrations |
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Collana |
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Issues in Society ; ; Volume 382 |
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Disciplina |
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Soggetti |
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Income distribution - Australia |
Wealth - Australia |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Chapter 1. Measuring income and wealth inequality -- Chapter 2. Impacts of the wealth divide. |
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Sommario/riassunto |
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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? |
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