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The rationale for a senior discount offered by companies is that the customer is assumed to be retired and living on a limited income, and unlikely to be willing to pay full price; sales at reduced price are better than no sales. Non-commercial organizations may offer concessionary prices as a matter of social policy. [13]
In the UK in 2006, "more than five million people – over a fifth (23 percent) of all employees – were paid less than £6.67 an hour". This value is based on a low pay rate of 60 percent of full-time median earnings, equivalent to a little over £12,000 a year for a 35-hour working week.
People in the top one percent were three times more likely to work more than 50 hours a week, were more likely to be self-employed, and earned a fifth of their income as capital income. [65] The top one percent was composed of many professions and had an annual turnover rate of more than 25%. [66]
Dual-income couples with no kids make an average salary of $138,000/year — nearly 7% more than their counterpart — but they’re less likely to own a home. ... DINKs earned up to 70% more than ...
Means-tested benefits, financial assistance provided for those who are unable to cover basic needs, such as food, clothing and housing, due to poverty or lack of income because of unemployment, sickness, disability, or caring for children. While assistance is often in the form of financial payments, those eligible for social welfare can usually ...
[27]: 2 CBO found income distribution over a multi-year period "modestly" more equal than annual income, [27]: 4 confirming earlier studies. [262] According to Noah, adjusting for demographic factors such as increasing age and smaller households, indicates that income inequality is less extreme but growing faster than without the adjustment.
The colour code is as follows: yellow (<10% of children working), green (10–20%), orange (20–30%), red (30–40%) and black (>40%). Some nations such as Guinea-Bissau, Mali and Ethiopia have more than half of all children aged 5–14 at work to help provide for their families. [48] Child labour is still common in many parts of the world.
Federal taxes also reduce income inequality, because the taxes paid by higher-income households are larger relative to their before-tax income than are the taxes paid by lower-income households. The equalizing effects of government transfers were significantly larger than the equalizing effects of federal taxes from 1979 to 2011.
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