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Worsening income disparity

12 0 0
23.02.2021
Bolder measures needed to offer more decent jobs

The gap in household income widened further in the fourth quarter of last year because of the slumping economy amid the third wave of the COVID-19 pandemic here. According to Statistics Korea, the earned monthly income of the bottom 20 percent of households plunged 13.2 percent to 596,000 won ($536), while that of the top 20 percent grew 1.8 percent to 7.21 million won. This indicates the "upper class" kept decent jobs even amid the pandemic, but the "lower class" comprised of non-permanent workers and day laborers was hit........

© The Korea Times


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