Something from just over a week ago. The Sunday Times reported ('S'pore income gap will narrow: MM', Jan 21) MM saying that the income gap in Singapore will narrow. Reason: incomes at the top end (i.e., professionals, etc) will eventually be depressed due to competition from the 'emerging economies', much like how lower end salaries are now depressed due to competition from 'cheap labour' in these economies. If I understand this correctly, it means that in time to come, the smaller top end salaries of these emerging economies will bring down the salary levels of the top end here. I'm really lousy in economics. Do economies - mature as well as emerging ones - actually see their income gaps reduce over time? The next day, there was this ST article ('Ranks of wealthy surge as US economy booms', Jan 22), which says, 'but the income gap between the rich and poor is also the steepest in decades'. It quoted Forbes magazine saying that there ...