OECD: Israeli government must address big gap between rich and poor
Organization of Economic Cooperation and Development (OECD)
December 13, 2011
OECD: Israeli government must address big gap between rich and poor
According to the Organization of Economic Cooperation and Development (OECD), on its new OECD report, the gap between rich and poor in OECD countries has reached its highest level for over over 30 years, and governments must act quickly to tackle inequality.
On the report: “Divided We Stand: Why Inequality Keeps Rising” finds that the average income of the richest 10% is now about nine times that of the poorest 10 % across the OECD.
The income gap has risen even in traditionally egalitarian countries, such as Israel in which the rich will earn 14 times more than a poor person. As well countries as Germany, Denmark and Sweden, from 5 to 1 in the 1980s to 6 to 1 today. The gap is 10 to 1 in Italy, Japan, Korea and the United Kingdom, and higher still, for Turkey and the United States. In Chile and Mexico, the incomes of the richest are still more than 25 times those of the poorest and at 50 to 1, Brazil’s income gap remains much higher than in many other countries, although it has been falling significantly over the past decade.
Last October the OECD visited Israel in order to assess environmental conditions of the country.
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