Government Inc.

[ArchRival]

How I wish you are right. Everthing is great until Gini comes along.

http://sgforums.com/forums/10/topics/379391
http://thehearttruths.com/2013/02/2...me-inequality-compared-to-the-oecd-countries/

Think Gini is bad? Meet intergenerational income elasticity.
It measures the proportion of offspring that remains in a similar income group as their parents.
Together with Gini they form the Great Gatsby Curve.

A large value means if you are born to poor parents you are likely to remain poor throughout your life, and if you're born to rich parents, you've had it made the moment you're born.

 

[An drew]

So what is the conclusion?

 

[Yutaka Go]

So what is the conclusion?

The rich will become richer and the poor will become poorer :bsmilie:

The middle class or sandwich class will become more frustrated :bsmilie:

You will not become rich if you don't marry some one from the rich families :bsmilie:

You will always be poor if you are born poor unless you win Toto :bsmilie:

 

[An drew]

The rich will become richer and the poor will become poorer :bsmilie:

The middle class or sandwich class will become more frustrated :bsmilie:

You will not become rich if you don't marry some one from the rich families :bsmilie:

You will always be poor if you are born poor unless you win Toto :bsmilie:

Our great meritocratic society depend on who your father is.

 

[Octarine]

Our great meritocratic society depend on who your father is.

And whether he has married your mother.

 

[d2xpeter]

And whether he has married your mother.

Of course la! Otherwise how to become yr father??? LOL

 

[Halfmoon]

The rich will become richer and the poor will become poorer :bsmilie:

The middle class or sandwich class will become more frustrated :bsmilie:

You will not become rich if you don't marry some one from the rich families :bsmilie:

You will always be poor if you are born poor unless you win Toto :bsmilie:

Not to forget... as income gap grows wider...... more new poor will emerge...

 

[An drew]

Not to forget... as income gap grows wider...... more new poor will emerge...

For the nouveau poor:
http://www.nouveaupoor.org/

 

[kei1309]

Every one should marry a chicken rice seller

 

[hanzohattori]

Think Gini is bad? Meet intergenerational income elasticity.
It measures the proportion of offspring that remains in a similar income group as their parents.
Together with Gini they form the Great Gatsby Curve.

A large value means if you are born to poor parents you are likely to remain poor throughout your life, and if you're born to rich parents, you've had it made the moment you're born.

So if singapore is up there, should we be proud for scoring high?

Also.. I don't see Switzerland ?

 

[Halfmoon]

Every one should marry a chicken rice seller

After you... :bsmilie:

 

[Yutaka Go]

So if singapore is up there, should we be proud for scoring high?

Also.. I don't see Switzerland ?

Scoring high means not good

A large value means if you are born to poor parents you are likely to remain poor throughout your life, and if you're born to rich parents, you've had it made the moment you're born.

 

[Yutaka Go]

Every one should marry a chicken rice seller

Why ?

 

[An drew]

Why ?

 

[reno77]

But our gahmen say if not profitable, cannot provide good service..

 

[kei1309]

But our gahmen say if not profitable, cannot provide good service..

then you should marry a "chicken" or "duck" seller.

 

[Sion]

Which stall sells such chicken rice? :bsmilie:

 

[kei1309]

Which stall sells such chicken rice? :bsmilie:

it says "Newton Food Centre" on the back of that guy's shirt

 

[Halfmoon]

Which stall sells such chicken rice? :bsmilie:

Newton Food Centre??? Mr 69 flying down now??? :bsmilie:

 

[ArchRival]

​

So if singapore is up there, should we be proud for scoring high?

Also.. I don't see Switzerland ?

Switzerland gini i believe is about 0.3-0.33.
Intergeneration elasticity of income, for men at least, is about 0.35.