Two economies, one country: the wage gap just hit a decade high

The K-shaped economy is widening fast. New data shows top earners gaining 5.6% while low-income wages grow just 1% - and gas prices make it worse.

the spend
Two economies, one country: the wage gap just hit a decade high

The K-shaped economy is widening fast. New data shows top earners gaining 5.6% while low-income wages grow just 1% - and gas prices make it worse.

the spend
Two economies, one country: the wage gap just hit a decade high

The K-shaped economy is widening fast. New data shows top earners gaining 5.6% while low-income wages grow just 1% - and gas prices make it worse.

the spend
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.
#YonhapInfomax #BankOfKorea #Semiconductor #KShapedRecovery #Inflation #WageGap #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=107237
Bank of Korea - K-Shaped Recovery Led by Semiconductors—Limited Inflation Pressure Despite Economic Rebound

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.

Yonhap Infomax

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

#affordability #work #equality #realestate #money #wagegap

Wage Gap: Last Week Tonight with John Oliver (HBO)

https://peertube.gravitywell.xyz/w/5yhUBKnHKsQKp7xNMJFf1W

Wage Gap: Last Week Tonight with John Oliver (HBO)

PeerTube
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.
#YonhapInfomax
#NonRegularWorkers #WageGap #NationalDataOffice #EmploymentStatistics #MonthlyWage
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=86717
Number of Non-Regular Workers in South Korea Tops 8.57 Million—Wage Gap with Regular Employees Hits Record High

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.

Yonhap Infomax

"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.

UCLA data shows Latinas remain the lowest-paid demo in the U.S.

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.

Los Angeles Times