Income Inequality

Income inequality in Singapore

Singapore as a nation is often seen as being materialistic when compared to its regional peers, with a 2012 study by the Lee Kuan Yew School of Public Policy’s Institute of Policy Studies (IPS) finding that even Singaporeans view their society as kiasu (afraid to lose), competitive and materialistic.Regardless of whether this reputation is deserved, it points towards larger socioeconomic trends in the island republic which are driving the current social fabric at its most fundamental level.

5 June 2020
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Growing gap between richest and poorest Thais

Thailand is often pitted as “one of the great development success stories” and this is for fair reason. Poverty in the country has declined substantially over the last 30 years from 67 percent in 1986 to a mere 7.8 percent in 2017, as measured by the upper-middle income class poverty line of US$5.5 per day.

1 May 2020
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Korat Massacre: Was money the cause?

Saturday, 8 February, will be a date that Thais will not soon forget. It was the day an armed gunman entered the Terminal 21 shopping mall in Nakhon Ratchasima (popularly known as Korat), and began indiscriminately firing at innocent shoppers, taking the lives of 29 people before he himself was later gunned down as he hid in the seven-storey shopping mall.

22 February 2020
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Thailand’s roads still deadly for the poor

Earlier this week, Thailand’s Transport Ministry revealed that only two days after Thais began their New Year holiday on 27 December, there had already been 974 road accidents. This is just another story highlighting country’s deadly roads.The 974 road accidents led to 109 deaths and 993 injured.

5 January 2020
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Thailand boosts national minimum wage for first time since 2013

Thailand raised its minimum wage nationwide for the first time in five years, as the country’s military government tries to tackle lingering income inequality.The wage will climb from April by 5 baht (16 cents) to 22 baht per day, depending on location, Jarin Chakkaphark, permanent secretary for labor, said in a briefing late Wednesday in Bangkok.

18 January 2018
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Does trade fuel inequality?

Inequality has become a major political preoccupation in the advanced economies – and for good reason. In the United States, according to the recently released World Inequality Report 2018, the share of national income claimed by the top 1% of the population rose from 11% in 1980 to 20% in 2014, compared to just 13% for the entire bottom half of the population.

6 January 2018
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Inequality comes to Asia

From China to India, Asian countries’ rapid economic expansion has lifted hundreds of millions of people out of poverty in recent decades.

26 November 2017
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