Kasz216 on 23 October 2008
| HappySqurriel said: I just have one thing I wanted to add in relation to the Gini index ... Back in University there was a discussion of the Gini index in one of my economics classes where it was brought up that (generally speaking) higher economic growth and higher inequality were directly related. The reason for this is that financial gain offers huge incentive for people to take on large risks in exchange for massive rewards. In other words, it is difficult to balance fairness with economic growth and any benefit in one direction can have a negative impact in the other. |
That is supported by the fact that the Gini Coefficent is actually raising in pretty much every country in the 1st world including the EU ones.
