From the Economist: Six years after being bailed out by taxpayers and still majority =owned by the Government, Royal Bank of Scotland chalked up yet another big annual pre-tax operating loss of $8.2 billion for 2013. That will not deter it from dishing out about $1 billion in bonuses.
Paul Barber, researcher points out in this NZ Herald article that the pay gap between the high and low paid has widened significantly in NZ in the last 30 years. The low paid have barely kept pace with inflation while the wealthy have raced ahead and there are simple ways to fix this
An Update on The Spirit Level by Wilkinson and Pickett This recent article in the Guardian Newspaper updates and further validates the original research that showed that inequality is causally related to many social ills. It quotes further psychological research that backs the causali
this from this week’s Time Magazine. Activist, atheist and best selling author Barbara Ehrenreich was interviewed and after responding very positively on raising the minimum wage she was asked “What about businesses that can’t afford the raises”. Her reply R
This article by Robert Reich, maker of the acclaimed documentary film”Inequality for All”,shows clearly that the wages gap between worker and boss in the USA has widened hugely over the last 50 years, and that bosses are hugely over-paid. Worth is never part of the calcula
“…the basic statistical conclusions remain: income inequality is markedly higher today than it was three decades ago. There is a serious poverty problem that because it involves children, compromises New Zealand’s long-term development. What to do–if anything&
Income Equality Aotearoa New Zealand Inc is a national volunteer organisation trying to tackle the wealth inequality and the social problems that it causes. We want a fairer and more equal New Zealand, for all.