Inequality

In a normal year, household wealth should track GDP. This was upturned last year, when the rich got richer despite the pandemic.

At the current pace it will take 135 years for men and women to get the same paycheck for similar work

“We need a new capitalism — a more fair, a more just and a more equitable capitalism,” says Marc Benioff, CEO of Salesforce.

The move follows a global pay review earlier this year from Citi, which found on average the company’s female employees earn 29% less than the men there.

(Dec 13): Economic inequality has moved to the top of the political agenda in many countries, including free-market poster children such as the US and the UK. The issue is mobilising the left and causing headaches on the right, where wealth has long been

SINGAPORE (Nov 4): Three of the world’s more affluent cities have erupted in protests and unrest this year. Paris has faced waves of protests and rioting since November 2018; soon after, French President Emmanuel Macron raised fuel taxes. Hong Kong has

SINGAPORE (Nov 4): Proposals for a broad tax on wealth are not new, but they are receiving renewed attention in the US. Steadily increasing income and wealth inequality has raised social and ethical concerns, even among a subset of the wealthy. This trend

SINGAPORE (Sept 16): Thomas Piketty’s last blockbuster helped put inequality at the centre of economic debates. Now he is back with an even longer treatise that explains how governments should fix it — by upending capitalism.

When the lowest income households have higher expenditure than income, what does this imply about inequality and unmet needs? How do we put trends of mobile phone and aircon ownership in perspective? Ng Kok Hoe and Teo You Yenn offer insight into the late

SINGAPORE (Aug 5): Singapore’s overall average monthly household income has risen 2.4% since half a decade ago in 2012/13, whereas expenditure only went up 0.8%. But the bottom 20% of households in the city state might be feeling even poorer than before