Inequality on Steroids
The Distribution of Economic Growth in Australia
Inequality on Steroids as Bottom 90% get just 7% of Economic Growth Since 2009
Since the global financial crisis there has been a fundamental change in the operation of the Australian economy. Since World War Two, the majority of the benefits of economic growth have flowed to the bottom 90 per cent of income earners. However, as shown in Figure 1, between 2009 and 2019 the top 10 per cent got almost all of the gains of the latest recovery: that group secured 93 per cent of the income growth in that period.