BellingenNSW<p>Inequality is undermining the wellbeing of the whole community</p><p>" In fact, the real gap in the US over the past decade has been estimated to mean CEOs earn a staggering 265 to 300 times more than average US workers.</p><p> A long-running study found CEOs of the top 100 Australian companies earned 55 times more last financial year than average workers.</p><p>At a broader social level, research from the UK indicates that as inequality increases, social outcomes get worse. These include increased crime, drug and alcohol abuse, obesity as people struggle to afford nutritious food, and reductions in social trust.</p><p>The most recent Bureau of Statistics data we have, from 2019-20, showed the richest 20% of Australians owned around 62% of our wealth. </p><p>As inequality gets worse, evidence suggests it will lead to social problems that threaten to undermine the wellbeing of the whole community. " <br>>><br><a href="https://theconversation.com/how-much-money-do-you-need-to-be-happy-heres-what-the-research-says-265184" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">theconversation.com/how-much-m</span><span class="invisible">oney-do-you-need-to-be-happy-heres-what-the-research-says-265184</span></a><br><a href="https://mastodon.au/tags/inequality" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>inequality</span></a> <a href="https://mastodon.au/tags/LivingWell" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>LivingWell</span></a> <a href="https://mastodon.au/tags/society" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>society</span></a> <a href="https://mastodon.au/tags/participation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>participation</span></a> <a href="https://mastodon.au/tags/Australia" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Australia</span></a> <a href="https://mastodon.au/tags/nation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>nation</span></a> <a href="https://mastodon.au/tags/ImaginedCommunity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ImaginedCommunity</span></a> <a href="https://mastodon.au/tags/unity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>unity</span></a> <a href="https://mastodon.au/tags/work" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>work</span></a> <a href="https://mastodon.au/tags/IR" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>IR</span></a> <a href="https://mastodon.au/tags/crime" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crime</span></a> <a href="https://mastodon.au/tags/trust" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>trust</span></a> <a href="https://mastodon.au/tags/TheresNoSuchThingAsSociety" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TheresNoSuchThingAsSociety</span></a> <a href="https://mastodon.au/tags/stuff" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>stuff</span></a> <a href="https://mastodon.au/tags/EarthsMetabolism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EarthsMetabolism</span></a></p>