03 Feb '11, 12am

[TOC] Income Inequality & How to Not Fix It

[TOC] Income Inequality & How to Not Fix It

No wonder MM Lee told SMU students to ignore the Gini coefficient. A recently-published book, “The Spirit Level” has a steadily growing following, which speaks of how countries with greater income disparities tend to fare worse on many social indicators. Now that we’re No. 2 on the global scale of income inequality, with Hong Kong also beating us for the top spot of lowest fertility rate (depressing, really.. Singapore ought to be #1 in all things, right?), I cannot say that I agree fully with “The Spirit Level” – it has conveniently left out several factors and nations that could mess around with its thesis. But it has a point about income inequality causing trouble for society. The UK occupies #7 on Gini with 0.36 and I’ve personally witnessed the atmosphere of social decay in England where badly-dressed chavs (we know them as “Ah Bengs” here) loaf around, harass and mug...

Full article: http://theonlinecitizen.com/2011/02/income-inequality-how...

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temasekreview.com 07 Feb '11, 8am

No wonder MM Lee told SMU students to ignore the Gini coefficient. (Ref: http://www.temasekreview.com/2009/10/21/mm-lee-ne...

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straitstimes.com 13 Feb '11, 2pm

A cleaner sweeps an area outside of Wisma Atria along Orchard Road. -- ST PHOTO: KEVIN LIM CLEANER P. Thanalakshmi, 40, an...