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View Full Version : Germany Inequality...bad... due to conservative policies


Guess Who
09-20-2017, 10:59 PM
Rich Germany has an inequality problem. These numbers prove it

Germany's economy grew by 22% between 1991 and 2014, helping to fuel income growth of 12%.

But the benefits have not been shared equally.

The richest 10% of households saw their real incomes jump by 27% between 1991 and 2014, according to the German Institute for Economic Research. Middle class incomes increased by 9% over the same period, while households at the bottom saw their incomes drop by 8%.

Wages paid to workers increased by 5% between 2000 and 2016. Meanwhile, income from investments and business activities jumped by 30%.

Markus Grabka, an economist with the German Institute for Economic Research, said that weaker labor unions, tax reforms that benefited the rich and an increase in single person households have contributed to inequality.

Outsourcing and automation have made the situation even worse.
10% own 60% of the wealth

The income gap has translated into major differences in wealth.
The richest 10% the population owns 60% of assets, while the bottom 40% have almost nothing, according to Germany's central bank.

complete article (http://money.cnn.com/2017/09/20/news/economy/germany-election-inequality-income/index.html)