Economic Co Operation and Development Society †MyAssignmenthelp.com

Question: Discuss about the Economic Co Operation and Development Society. Answer: Introduction: Presently, New Zealand is not an egalitarian society. An egalitarian society is one where there are no social divisions and everyone has access to equal opportunities. Based on this definition, the increasing gap between the rich and the poor makes equality a fallacy in this country. The inequality is revealed by the difference in income received by the rich and the poor. According to the Organization for Economic Co-operation and Development (OECD), the ratio that indicates the difference between high income and low income (P80/P20) was approximately 3 in 2015. This indicates that there is a gap between the high and low-income earners. Additionally, the Gini coefficient which measures the level of inequality was at 0.3 in 2014. This inequality is reflected in education, health and housing sectors ("Income inequality(Indicator)", 2017). For example, low-income earners cannot afford to own homes and access quality education while high-income earners enjoy quality education and are homeowners. Housing affordability also proves that the country is not egalitarian. Due to rising house prices, most people are unable to own homes especially the middle and income earners. Based on the article, Does housing affordability really matter?, Kiwis place a lot of value on home ownership (Eaqub Eaqub, 2015). The inability to afford homes has affected their identity and made some to relocate to other countries. Moreover, it has created a generation of renters. In conclusion, the housing affordability in this country really matters since it affects the cultural norms of the society. Furthermore, the housing unaffordability is among the factors that have contributed to inequality. Finally, the government needs to create policies that reduce house prices and inequality. References Eaqub, S., Eaqub, S. (2015).Generation rent(pp. 66-90). Wellington, New Zealand. Income inequality(Indicator). (2017).theOECD. Retrieved 2 October 2017, from https://data.oecd.org/inequality/income-inequality.htm