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The history of income inequality in Brazil

income inequality brazil development
The Paraisópolis Favela to the left, next to luxury buildings. Photo: Shutterstock

With precarious favelas neighboring luxurious condos, Brazil is notorious for its profound levels of inequality. In fact, Brazil is the most unequal country in Latin America, and has among the highest inequality levels in the world, according to a report by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

It would take 19 years for a Brazilian on minimum wage to earn as much as the top 0.1 percent makes every month, according to NGO Oxfam International. Additionally, data from the Brazilian Institute of Geography and Statistics (IBGE) shows that 54.8 million Brazilians live...

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