Thursday 3 November 2011

Some great charts on what's motivating the Occupy movement

In CHARTS: Here's What The Wall Street Protesters Are So Angry About... Henry Blodget produces some very interesting charts that look at US employment and unemployment statistics, wages growth over the last 20 and 50 years (average production worker wages have increased by 4% since 1990, CEO pays has increased by 300%, real average hourly earnings have hardly increased at all in the last 50 years and dropped since the early seventies).

Edit 20/11: A map showing the Gini coefficient of national income distribution around the world.

According to Wikipedia:
The Gini coefficient is a measure of the inequality of a distribution, a value of 0 expressing total equality and a value of 1 maximal inequality. It has found application in the study of inequalities in disciplines as diverse as sociology, economics, health science, ecology, chemistry, engineering and agriculture.

It is commonly used as a measure of inequality of income or wealth. Worldwide, Gini coefficients for income range from approximately 0.23 (Sweden) to 0.70 (Namibia) although not every country has been assessed.

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