Pictured above: Erna Solberg, Norway’s Prime Minister.
Arguably the world’s most envious nation, Norway, has witnessed it’s largest ever surge in inequality, the Washington Post reports.
The OECD has published findings detailing that Norway is now among countries such as New Zealand, Mexico, the UK, the United States and Japan in depleting economic growth due to surging levels of inequality
“Britain, Finland and Norway: These countries missed out on nearly 9 percentage points of economic growth. While Britain is among the OECD’s most unequal countries, Finland and Norway had low inequality levels in 1990 and continued to do so in 2010. Nevertheless, inequality increased in both Scandinavian countries (and particularly in Finland).” The Washington post reported.
Norway, the country which recently changed government in 2013, is currently ruled by two main political parties known as the Conservative Party and the Progress Party. The Conservatives, a centre-right a party, are led by Prime Minister Erna Solberg who lead the way in the establishment of the minimum wage. The Progress Party, meanwhile, emerges from the radical right. Far-right terrorist Hans Breivik was a former paying member, and the party has in the past spoken to foreign media on it’s desires to end the public health system.
Under previous governments Norway has been the envy of the world. Often being coined the ‘happiest nation’ with the ‘highest living standards on earth’ and lowest levels of elder, disabled and child poverty, Norway, for the majority of it’s history, has been governed by The Labour Party which also bragged zero national debt. Liberal conservative countries such as the United Kingdom emerged from the same economic crisis with a soaring debt and still operates on a $96b deficit every quarter.
The abolishement of the minimum wage in Norway garnered very little press outside of country but had had devastating affects on the lives of workers.
Read more about how inequality hurts a country’s growth here: http://www.washingtonpost.com/blogs/worldviews/wp/2015/01/05/how-inequality-made-these-western-countries-poorer/