All together against inequality – Milenio.com

According to the study presented this week by the Organisation for Economic Cooperation and Development (OECD) entitled “Together, why reduce inequality benefit us?”, In most of the member countries of this organization inequality revenue has reached unprecedented increases after the recent recession experienced by the world economy. On average, the population occupying the top 10% of the income scale now earn 9.6 times the income of the population that occupies the bottom 10%, above the rate that prevailed 7-1 in the eighties. For the Mexican case, however, these figures are even worse since it emphasizes that in our country the average salary of the richest 10% is 30.5 times that of the poorest 10%. Thus, after Chile, Mexico consolidates its position with the second most unequal among OECD member country. According to the organization, ie the relative poverty -that the work of those who still do not reach a higher level of income to 50% of the medium also it has to grow back the same as the rates of poverty among vulnerable populations such as the elderly and children. Worse, the average income of the poorest 10% are lower than those obtained in the same segment eighties.

By far, the OECD attributes this phenomenon to the rate of job creation significantly below the needs of the country, labor market informality, lack of continuing education in social work policies and insufficient to provide quality jobs to the least likely to obtain as youth groups, women and the elderly. In this equation, the quality of education is key. According to Gabriela Ramos, director of the cabinet of the OECD in Mexico, Mexico is the only OECD country where having a college degree is not reflected in a lower risk of becoming unemployed. Another important element is the fact that while targeted programs have helped reduce extreme poverty, redistributive policy has had only a limited impact and have not had the balancing effect of income and social welfare policies that aim. Finally, the OECD argues that much of the inequality in the Mexican economy is deepened from two fundamental variables. On the one hand, even modest presence of Mexican women in the labor market and, on the other, high levels of indebtedness in the lower income population which prevents them from investing in human capital and welfare.