In Parliament yesterday, Mr Gan Thiam Poh, MP for Ang Mo Kio GRC, asked whether the income gap in Singapore has widened in the past 10 years and whether an inter-ministerial committee can be set up to look into better integration of all social classes. read more
"How bad is income inequality" is a loaded question, because income inequality isn't necessarily something that's bad or good intrinsically. Singapore could quite possibly have the "worst" income inequality in the world, because it's a small city-state (like New York City rather than the USA). read more
Based on standards by Organisation for Economic Co-operation and Development (OECD) nations, Singapore has the 2nd worst income inequality at 0.458 in 2016. This “achievement” is just right below Chile’s 0.465, but worse than United States – a country deeply divided by income inequality. read more
Income Inequality In Singapore [Election Indicators]: No 5 of 8. It is easier to become richer when you are already rich, and it definitely sucks to be poor in Singapore. read more