Income Gap In Jamaica

That year jamaica scored 0 62 in estimated earned income which shows a gender pay gap of approximately 38 percent on average women s income was estimated to be around 38 percent lower than men s.

Income gap in jamaica. I guess it was a patient of what we know today as fake news. Comparatively haiti deemed the poorest nation in the americas scored better than jamaica at 59 2. So the glaring income inequality that we have in jamaica especially compared with our partners in the caribbean shows how much we are lagging in the development of our people. The imf explained that the gini coefficient ranges from zero where all households have the same income to 100 where one household has all the income.

Jamaica economy downfall starts from the time of the cold war. Women in jamaica earn 60 per cent of their male counterparts pay which alongside other disparities has contributed to the country s fall in the rankings to 65 in the global gender gap report 2015. For every 100 made by a man in jamaica a woman earns around 60 on average. In the former the highest earnings gaps are found among low income workers.

In section 4 the main empirical results and estimates of the gender pay gap for barbados are discussed. South africa has the largest wealth inequality gap worldwide where the top 1 of earners take home almost 20 of income and 90 of south african earners take home only 35 of all income. The jamaica debt exchange jdx in 2010 was described in the imf report as a model of debt. Section 6 summarizes the study s findings and concludes.

Jamaica was one of the poorest perfroming countries in the region behind costa rica at 36 guyana 51 antigua 53 st lucia 67 barbados 69 triniada and tobago 72 st vincent 79 and. In the following section the results are similarly explained for jamaica. The united states has the fourth highest poverty rate of 17 8. Usa was not and they are in our backyard.

Costa rica follows at 20 9 then romania at 17 9 and the united states at 17 8. Depending on the set of control characteristics males earnings surpass those of females by between 14 and 27 percent of average females wages in barbados and between 8 and 17 percent of average females wages in jamaica. The huge gap between slave and master can best be seen by the ratio of slave income to that of the top 10 536 in jamaica compared with 16 in the american south as illustrated in table 1. The great country we call usa started the fake news about jamaica turning into communist country because they were getting grant s from russia and russia was investing alot in jamaica.