Income: Who gets what? Why?

In the recent years, Australia has achieved sustained economic growth, low inflation, declining rate of unemployment and increasing growth of productivity. Structural changes have played an essential role in creating a more efficient and competitive economy. However, it created a serious problem, that is, the inequality gap is increasing dramatically. The rich are financially better off while the poor are worse off. As a consequence, a more divided society has been created. This essay briefly …

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