“Greater income inequality stifles upward mobility between generations, making it harder for talented and hard-working people to get the rewards they deserve,” he said in a statement.
“It polarizes societies, it divides regions within countries, and it carves up the world between rich and poor.”
In the United States, the richest 10 percent earn an average of US$93,000 – the highest level in the OECD. The poorest 10 percent earn an average of US$5,800 – about 20 percent lower than the OECD average.
Social mobility is lowest in countries with high inequality such as the United States, United Kingdom, and Italy, the report said.
Seriously, CHILDREN are sliding deeper and deeper into poverty. Please, can we stop blaming the poor for being poor, for being lazy or stupid or whatever? It's CHILDREN.
And the social systems are all set up (some purposefully, like education) to replicate the current social order. It's a massively stacked deck. I like how Obama recognized this in some speech, about how people expect you to pull yourself up by the bootstaps, even if you don't have boots! So much of our mainstream society is a sham, blah. It's stuff like this that keeps making our family question, question, question, and opt out of so much of it all.
We need to do more. It's hard when things are so scary right now, but long-term, we need to simplify our life so we have more to spare and share.