Warren de Guzman of ABS-CBN states in a report dated Nov. 24, that the country’s income inequality was measured using the Ginni coefficient, which tracks the difference or disparity between wealth distribution of income levels. Zero indicates perfect equality with higher coefficients indicating higher inequality. Stated another way, the Ginni coefficient measures the extent of disparity and inequality between sets of statistical values, in this case, income.
We have known the fact of income inequality for years and have seen its manifestations all over the place: from the pockets of poverty juxtaposed with pockets of aluence we mentioned earlier, to the number of private vehicles in the streets compared with the insufciency of public transport. A recent report of the Asian Development Bank says, “Manila needs better public transport.”
There are to be sure reasons for income inequality other than poverty at birth. One possible reason is an environment that is incapable or disinterested in developing the potential of gifted persons. Otherwise-talented individuals are not given equal access to opportunities for a better education.
Moyo explains that citizens of some countries, especially the young — 18 to 29 years old — say the democratic form of government is a less preferable way of getting things done. However, this surveynding in 2018 runs counter to the 2022 election results in Brazil and the midterm polls in the US. In the US, surveys showrst-time young voters came out in droves to reject election deniers and proponents of excessively divisive politics.
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