Wednesday, September 21, 2005

Inequity

China’s income gap provokes alarm, report says

Here's something to think about:
The most affluent one-fifth of China’s population earn 50 percent of total income, with the bottom one-fifth taking home only 4.7 percent, said the report by the official Xinhua News Agency, carried in newspapers Wednesday.
This is considered an alarming development. Yet in every year from 1993 to 2001, the bottom 20% in America took in between 3.5 and 3.7% of income, while the top 20% received between 48.7 and 50.1%, with the latter figure taking place in 2001. I don't imagine the curve has flattened out since then, do you? Funny that the AP doesn't bother to mention this in its article...

1 comment:

abbi said...

Precisely what I was thinking.