# Blooberg - Inequality erodes job creation at small firms
According to the BIS, Bank for International Settlements, income inequality reduces the number of jobs created by small businesses.
The reason
- High-income households put relatively less money in banks than low-income families.
- When incomes rise at the top, there is less money put in banks, undermining their ability to lend.
- As small companies depend more on bank financing than large firms, the contractin in lending hinders their job creation.
# Market
| INDEX | TODAY | UP/DOWN | DAY -1 | DAY -2 |
| USD/KRW | 1,115.90 | 1.10 DN | ||
| USD/JPY | 109.7400 | 0.7200 UP | ||
| EUR/USD | 1.2201 | 0.0018 DN | ||
| 국고채 3년 | 1.12 | 0.04 DN | ||
| 회사채 3년 | 1.86 | 0.04 DN |
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