A new report shows that income inequality is reaching record breaking highs, and is still rising. In OECD countries, the richest 10% of the population earn 10 times the income of the poorest 10% - that’s up from 7 times in the 1980s.
The economic growth that has taken place since the 1980s has not benefited everyone equally. In fact, 40% of the population have seen no benefits from this growth.
When such a large group in the population gains so little from economic growth, the social fabric frays and trust in institutions is weakened. - OECD
This is impacting people living in poverty in different ways – and the type of poverty is changing. In the 1980s, pensioners were most at risk from poverty, today that group is families and young children.
The OECD, who released this research, suggest that jobs are the key to reducing inequality, and strongly encourage a shift in policies and social norms to support more women in the workplace.
Inequality spans across many development objectives, including resource distribution, gender equality, access to education and more.
The 2014 Global Peace Index showed that there is a peace inequality, as the distribution of peace is becoming increasingly uneven.
Around 560 million people living in the world’s 11 least peaceful countries, that around 8% of the global population. The difference in levels of violence and conflict in these 11 countries is much more significant than other countries that perform poorly on the index.
For many of us, it is hard to imagine what it would be like living in these conditions. To give you an idea people in these countries experience homicide rates that are the same level as those we were seeing in Europe over 500 years ago. And despite what popular media leads us to believe, over 85% of all global terrorist activity is targeted in these countries.
What is alarming about this is that of the 560 million people living in these countries, 200 million already live below the poverty line and have very little options in terms of safety and security.
Learn more about the spread of peace around the world and download the 2014 Global Peace Index Report.
Vision of Humanity is an initiative of the Institute for Economics and Peace (IEP). IEP have offices in New York and Sydney. For more specific inquiries related to the peace indexes and research, please contact IEP directly.