Income inequality surges as richest group gets more than 90 per cent of the gains, Australia Institute finds

Sun, 30 Apr 2023 19:55:26 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.abc.net.au/news/2023-04-12/inequality-on-steroids-as-rich-take-more-of-the-gains/102200878>

'Thomas Harmathy is doing fine. He's healthy, in his early 20s, living on his
own and working a hospitality job in the big city.

However, he and his friends don't feel like they're in a golden patch.

"I think there's an innate pessimism about their outlook," he says.

"I'm just trying to, not necessarily get by, but just trying to figure out my
life week-to-week actually. And it's been like that for a while"

The issue is not one single thing.

To Thomas, it's housing, it's precarious work, it's seeing the building blocks
of a stable life — many of them financial — becoming harder to clamber on top
of.

"It's kind of been this like rolling situation for the last while and there's
this overall sense of hopelessness just around."'

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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