Child Poverty and Income Inequality

Got this report from the Jakarta Post, courtesy of one colleague who hopped to the city 2 weeks ago. It is one report from the Organization for Economic Cooperation and Development (OECD) with the title: “Growing Unequal: Income Distribution and Poverty in OECD Countries.” OECD is an organization of the top 30 leading economies in the world – Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, Turkey, United Kingdom, and the United States. Here are the key points of the report:

  • economic growth of recent decades had benefited the rich more than the poor
  • in OECD countries, the average income of the richest 10 percent was on average, “nearly 10 times that of the poorest 10 percent”
  • Canada, Germany, Norway and the United States had shown a widening wage gap
  • Greece, Mexico and Britain wage gap are shrinking
  • the danger of poverty was greatest in countries with the widest wage gap
  • risk of poverty has moved away from older people and toward children and young adults
  • child poverty had risen in Germany, the Czech Republic, Canada and New Zealand
  • child poverty was lower in countries where a large percentage of women worked
  • Britain had succeeded in reducing child poverty over the past 5 years
  • single parent households were 3 times as likely to be poor than the population average

If the government bureaucrats in this country, and other Third World countries for this matter, are pocketing millions through scams and shady contracts, can you imagine the income gap between a scrap buyer and the guy in a government tie? I won’t be surprised if child poverty will be the last thing on their mind.

prison

Photo credit: Ray

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