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The middle income trap is an economic development situation in which a country that attains a certain income due to given advantages gets stuck at that level.
Income gap what is. Looked at in terms of the whole economy the commonest income gap is that between rich and poor with the rich usually being defined at the top 20 of income earners the top quintile and the poor the bottom 20 bottom quintile. The ceo of whirlpool for instance made 7 1 million in 2015 356 times the average employee s salary. Political discourse income inequality is often expressed as the gap between the 1 and the 99. According to the idea a country in the middle.
An income gap is a gap in income between one group and another. The pew research center shows that the gender income inequality gap has been narrowing for all workers age 16 with women reportedly making 85 of the average salaries for men. The world bank defines as the middle income range countries with gross national product per capita that has remained between 1 000 to 12 000 at constant 2011 prices.
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