income equality
/ˈɪn.kʌm ɪˈkwɒl.ɪ.ti/ · in·come eq·ual·i·ty
noun
- The condition in which individuals or groups receive comparable levels of income, with little disparity between them. Policies aimed at reducing the gender pay gap are often justified on the grounds of promoting income equality.
- A socioeconomic goal or metric used to assess how evenly income is distributed within a population. The latest report shows that income equality has improved slightly in the Nordic countries over the past decade.
Synonyms
income parityearnings equalitywage parityfinancial equalityeconomic parityincome balanceearnings paritysalary equality
Antonyms
Did you know? The phrase "income equality" gained widespread public attention after Thomas Piketty's 2013 book *Capital in the Twenty‑First Century*, which sparked global debates on how to achieve more equal income levels.