Michael Moore’s documentary, “Capitalism: A Love Story“, has spurred some talks on the class divide (not yet a war) in the United States. The documentary itself was vintage Michael Moore — simplistic, sometimes polarizing storytelling with a touch of humor. There were two sources mentioned that were interesting: first was a leaked Citigroup document describing the increasing rich-poor divide (Kapur et al. 2005),...
Read »Japan’s Income Inequality, International Comparison
http://www.achikule.com –
I think the figures which actually matter and people can easily understand are:-
min hourly rate: ¥750 (about) compared with say the UK ¥1,000 (about)
poverty line is about ¥1.5 million p.a. There are more than 2 million living below this level, mostly single mothers/divorced mothers.
Living in Tokyo requires a min income of ¥200,000 p.m. Too many are earning ¥150,000 or less which is increasing the homelessness.
The rent level should be by law no more than 25-30% of income.
We all know that 95% of the world's wealth is owned by 5% of the pop. Marxist stuff!