No wonder many remain concerned that we are heading for being Singapore-on-Thames. The rhetoric used suggests that the fear is justified.
Someone’s going to have to remind me what’s so terrible about Singapore on Thames though.
A distinctly richer place, with a better health care system, a government that can actually produce the housing the population needs, with a bit more inequality.
The Gini coefficient – which measures income inequality from 0 to 1, with 0 being most equal – fell to 0.452 last year, lower than 0.458 in 2018 and the lowest since 2001, according to the Department of Statistics’ Key Household Income Trends report released on Thursday (Feb 20).
Government transfers and taxes reduced the Gini coefficient further to 0.398.
About the same level of market inequality of incomes as here, the outcome being a little more post- tax and benefit inequality.
Shrug. That a deal you’d accept for a 50% pay rise?