Wednesday, October 22, 2008

Unequal

According to a new report from the organization, Mexico is the most unequal of the 30 members of the OECD. While poverty and inequality have declined in the last decade, they are both higher than they were in the 1980s. Mexico's Gini Coefficient presently stands at about .48, while the OECD average is just above .30.

And the US? It has the third highest level of inequality and poverty, topped only by Turkey and, of course, Mexico. A telling stat for Bush-haters: after a half-decade of decline, the American Gini Coefficient stood at about .35 in 2000, and has spiked sharply over the past eight years, so that it now exceeds .38.

Credit goes to Clay Risen at the Plank for opening my eyes to the report.

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