Thursday, May 21, 2015

Half of jobs created since mid 1990s have been temporary or self employed work which per OECD leads to higher poverty and inequality-BBC

5/21/15, "Gap between rich and poor 'keeps growing',"  
"The gap between the rich and the poor keeps widening, the Organisation for Economic Cooperation and Development (OECD) says.

In its 34 member states, the richest 10% of the population earn 9.6 times the income of the poorest 10%. There is no standard measure of inequality, but most indicators suggest it slowed or fell during the financial crisis and is now growing again....

The report says this is partly because there is a wider gap in education in the most unequal countries, which leads to a less effective workforce.

OECD member states include most of the European Union as well as developed economies such as the US, Canada, Australia and Japan.

One of the factors that the OECD blames for growing inequality is the growth in what it calls non-standard work, which includes temporary contracts and self-employment.

The OECD says that since the mid-1990s more than half of all job creation in its member states has been in non-standard work. It says that households dependent on such work have higher poverty rates than other households and that this has led to greater inequality."...


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