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income inequality News

Corporate Profits Soar to 15-Year High: A Call for Wage Hikes to Bridge Income Inequality

Jessica Bennett 01 Feb, 2025

The Economic Survey reveals corporate profits at a 15-year high, urging wage hikes to reduce income inequality and boost growth. It calls for deregulation, addresses AI's impact, a...

Economy

Decline in Income Mobility: Only 17.6% Saw Income Increase in 2022

Michael Lee 18 Dec, 2024

Statistics Korea reports that only 17.6% of respondents moved into a higher income quintile in 2022, marking a decline in upward social mobility. The data highlights income inequal...