More on Singapore

Last month the Straits Times, the official newspaper of the Singaporean government (nickname: “States Times”) and the main daily in Singapore, tried explaining away a study that put Singapore’s 2005 Gini index at .52 (the US was at .47) and said that that incomes at the bottom quintile were decreasing. The journalist used the standard trope about income mobility. He should have looked at studies like this one, which say 42% of Singaporeans born in the bottom quartile stay there while 12% move to the top (recall that in the US it’s 47% and 9% respectively).

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