News for hackers. Stuff that matters.
Re:Private sector lost 33k jobs, badly missing expectations ... by ajmurmann on Wednesday July 02, 2025 @04:33PM (#44448515)
Certainly not in isolation. It measures inequality. If everyone has nothing you get a perfect Gini score. Pakistan, Ukraine, Belarus and Algeria have a lower (better) Gini score than all of the Americas and most of western Europe and Japan. Want to move?
Re:Private sector lost 33k jobs, badly missing expectations ... by nradov on Wednesday July 02, 2025 @06:01PM (#44449309)
The Gini coefficients published for deeply corrupt countries like Pakistan and Ukraine are almost certainly a total fiction. Much of the real wealth held by the elites in those countries is hidden from official statistics.