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Inequality
Inequality
Equal gender pay set back a generation by pandemic, WEF says
At the current pace it will take 135 years for men and women to get the same paycheck for similar work
March 31, 2021
Inequality
From bipolarisation to bifurcation
“We need a new capitalism — a more fair, a more just and a more equitable capitalism,” says Marc Benioff, CEO of Salesforce.
December 24, 2020
Inequality
Citi Singapore adjusts pay for women who earn less than male peers doing the same work
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.
January 16, 2020
Inequality
If wealth is justified, so is a wealth tax
(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
December 13, 2019
Inequality
When affluent cities face a crisis of social mobility and grievances over inequality
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
November 01, 2019
Inequality
Wealth tax deserves serious attention
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
November 01, 2019
Inequality
Thomas Piketty back with 1,200-page guide to abolishing billionaires
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.
September 13, 2019
Inequality
Making sense of data: Household income and expenditure, basic needs and inequality
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
August 13, 2019
Inequality
Singapore's lowest earners see expenses outpace income
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
August 02, 2019
Inequality
Singapore's poorest households spending more than they earn: SingStat data
SINGAPORE (July 31): Singapore’s overall average monthly household income has risen 2.4% since half a decade ago in 2012/13, but the bottom 20% of households in the city state might be feeling even poorer than before.
July 31, 2019