Income Inequality

income inequality: Many studies confirm that income inequality has grown in many affluent nations. The trend is especially pronounced in the United States, where the richest 10 per cent of households have almost six times as much income as the bottom 10 per cent. , according to Winnipeg Free Press. Economic research points to a number of factors that have increased inequality and boosted incomes at the upper end of the distribution: globalization, the impact of technological change, competition from emerging economies, and until recently rapid growth of the financial sector. VANCOUVER The past two years have witnessed considerable public and media interest in the issue of inequality, as evidenced by the emergence of the Occupy Wall Street movement in the United States and its counterparts in several other countries. The ratio is lower in Canada, but income disparities have widened here as well. And in many advanced economies a rising share of all income seems to be accruing to the top one per cent of earners. (www.immigrantscanada.com). As reported in the news.