If you give 10 people in a room a total of $1000, then the per capita income of each person is $100, even if you’ve given $991 to one person and $1 each to the rest. That’s a microcosm of income distribution in Russia today.
>>>If you give 10 people in a room a total of $1000, then the per capita income of each person is $100, even if you’ve given $991 to one person and $1 each to the rest. That’s a microcosm of income distribution in Russia today.<<<
Where did you get it? I really want to know because that you said is much more true for a good old US under any known estimates.
Even US government itself lists 10% R/P rate at 15% and it is an unprecedentedly high level of inequality of income distribution for any developed nation. To bring things into perspective it is in a class of Philippines, Nicaragua, Iran, Venezuela and Nigeria. BTW, World Bank and UN disagrees with US government and lists US as roughly 16% or 45 points in international Gini index.
For Russia R/P is only about 12-13% and Gini is 40 points. It is in a class of Australia, Switzerland and New Zealand.
P.S. if you aren’t informed 10%R/P rating it is how CIA counts the rate 10% richest to a 10% richest for a one given nation.
Gini is a quantified representation using a Lorenz curve.
The higher both indexes the higher inequality in a given society.