If I were the chauffeur of the President (Part 2)
Let’s take a closer look at some indicators. The incidence of poverty is high because the per capita income is already low and wealth is concentrated to only a few. The wealthiest 20 percent of our population have over half of the national wealth, and the poorest 20 percent have less than one-twentieth. The gap between the rich and the poor has been increasing through the years and the Philippines is one of the top developing countries which have high income inequality.
Disparity in income is not only true among households and families. Disparity also … Continue Reading