Pay gap in UK widening faster than any other European OECD country

OECD reported on the new findings of pay gaps that UK’s income inequality, though still lower than US’s, is growing faster than any other countries in OECD, Income inequality is an indication of inadequate social policies the country has to offer to the poorer sectors. UK’s gap is influenced by top-end in which money earned by the country's highest-earning 1 per cent equated to 14.3 per cent of total UK income in 2005, doubling from 7.1 per cent of the total in 1970. The pay gap is a better indicator than income inequality gap that the agents in the investigation are in working class. The top-paying working class earned large sums of money in the midst of financial crisis while the bottom-paying working class took the hit severely, Income inequality is like a snowball on hilltop, and once it gets rolling, it is hardly stoppable without governmental support.
http://www.dailymail.co.uk/money/news/article-2070119/Pay-gap-UK-widening-faster-OECD-country.html


- Xiao Wei Thian