Illstruate with an aid of a graph income inequality with specific reference to South Africa
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increasing unequal south africa
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The benefits of the South African wage inequality gap are as follows:
- The report found that the labour market earnings were the highest income inequality in South Africa, accounting for 74, 2% of national income equity in 2015.
- However, social grants and remittances play a significant role in reducing the income inequality gap between the low and high inflation.
- Meanwhile, economic inequality has declined for Indians / Asians and whites, remained unchanged in colour, but increased for black Africans.
- Throughout the years, income from the labour market has been a major source of domestic revenue in South Africa, accounting for more than 70% of gross domestic product.
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