:::renaissance chambara:::

Posts on quality, life, culture, the media, news & tech with a twist & a slice of Limey. I moved my blog to http://renaissancehambara.jp in December 2006, go there for the latest content.

Sunday, November 12, 2006


Jargon Watch

Income inequality - As cited by Paul Donovan of UBS global economics team in the podcast episode Unequal Economics.

There has been a well-observed difference in disposable income between the rich and poor, however UBS also found that the inflation rate for those less well off in society has been higher than other members of society.

Like thermoclines in cold water stratifying out into different layers so different inflation rates have affected income groups.

For the past ten years, the worst off in society have undergone a recession whilst the well off have done well. Donovan claimed that this had a number of knock-on effects:
  • Companies whose product offering is aimed at the lower-end of the market will be adversely affected by higher inflation rates
  • The pension returns required by different levels of society are very different due to the different cost of living profiles
  • Income inequality is likely to bring more progressive taxes, political resistance to globalisation and a subsequent disruption of the economic cycle

Labels: , , ,

Create Social Bookmark Links

Links to this post:

Create a Link

<< Home


03/2004   04/2004   05/2004   06/2004   07/2004   08/2004   09/2004   10/2004   11/2004   12/2004   01/2005   02/2005   03/2005   04/2005   05/2005   06/2005   07/2005   08/2005   09/2005   10/2005   11/2005   12/2005   01/2006   02/2006   03/2006   04/2006   05/2006   06/2006   07/2006   08/2006   09/2006   10/2006   11/2006   12/2006  

Welcome, thanks for visiting and a bit about this blog (:::renaissance chambara::: all in lower case just like UNIX)
Got something to bitch about? Trying to legal the author or want to send scary fan mail? Click here for more details
Want to leave a comment? Feel free, but please take account of the guidelines
The blogroll (there's some missing that Bloglines can't read, if you're not in sort your feeds out)
Subscribe via RSS to :::: renaissance chambara ::::
The grooves that drive :::: renaissance chambara :::: (see what's on our iTunes)
This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 2.5 License.

Blogger rox nuffsaid.