
South Korea’s economic recovery is increasingly driven by the semiconductor sector, but the Bank of Korea finds that inflationary pressures remain limited due to concentrated growth and widening wage gaps, signaling a weaker link between GDP growth and inflation.
Today I was reminded that in the 1960s, a person* could get a job that paid a liveable wage, and could with 6-10 months of income, save for a down payment on a house that they could reasonably assume would be large enough to raise a family and possibly even last long enough to retire in.
Why is getting back to that simple reality not enough to motivate every single voter and politician?
*generally white and male, but let’s set that aside momentarily
Wage Gap: Last Week Tonight with John Oliver (HBO)
South Korea's non-regular workforce hit a record 8.57 million in August, with the wage gap versus regular employees widening to an all-time high of 1.81 million won ($1,330) per month, according to official data.
"the median share who see economic inequality as a very big problem is higher in middle-income countries than in high-income ones (62% vs. 48%)"
Most discrimination:
- Gender/LGBT
- Ethnicity
- Ideology/Religion
- Disability (by ILO)
#sdg10 #sdgs #inequality #wagegap #discrimination
Full report:
https://www.pewresearch.org/global/2025/01/09/global-perceptions-of-inequality-and-discrimination/
The #WageGap cannot be explained away by education, experience or perceived choices.
Even in states with large populations of Latinas in the workforce, rampant wage disparities persist, with devastating consequences for Latinas and their families.
Happy #hispanicheritagemonth remember women's #wagegap issue is #intersectional
Despite gains in pay and an increase in degree conferral, Latinas remain the lowest-paid major demographic in the U.S. As Latina Equal Pay Day nears on Oct. 8, a new UCLA data analysis highlights the disparity in Latina wages.