Poverty in a wealthy city

In a wealthy city such as Sydney, wealth is usually very unequally shared. In Australia the top 50% owns 90% of total wealth and the other half of the 50% own 10% of total wealth of Australia. This shows that poverty is a great issue of Australian cities. As people living in poverty increases in Australia, the people working poor have also increased. Some of the most important reasons for the presence of working poor class must be seen to rise from the structure of the money/power flow in Australia and from the unemployment rate.

Research from the National Venture for Social and Economics Modeling show that woman at the top increased their salaries by 22% where woman at the bottom decreased their salaries by 9%. (Michelle Gumn June 21 New Class divided that’s all in the Family) This shows the structure of the money flow in Australia where the wealthy gains more chance of becoming wealthier and the poor gains more chance of becoming poorer.

The wealthy people own property wher...