Economic Inequality Is Real (Bad)

Does your economic and financial reality match the economic propaganda from the government? Probably not.
Comments on article "Economic Inequality Is Real (Bad)"
Name Views and CommentsDate
Middle Classer Thanks for posting this. While we've always felt this is true, putting it out like this makes it more real. 2/22/2007
Middle classer That is so true!

Even in a developing world context, some of the experiences above can apply.

I'm Malaysian, and today, with a combination of expertise, hard work and luck, I earn above the average mean. Not ridiculously above average, but comfortably above average.

I got back from an expensive overseas education some five years back, and I met a young recently married couple who had just bought a decent house for half a million ringgit. Another friend had to to the same thing - for about half a million ringgit.

My mother bought her house for less than a hundred and fifty thousand when she first graduated out of uni - and this was an 'above average' house.

And dollar per dollar, our starting salaries are the same. Thirty years, and a fresh graduate's (the entry ticket to the middle class) salary remains the same, while prices of things around us have shot up twice or tripled.

Even with my comfortable salary today, I still find it difficult to own a house.		 2/22/2007
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