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The problem in the UK is less that everything is expensive, but that nearly everyone is poor. Inequality really appears to be going rapidly the wrong way.
by shapefrog 4y ago
The problem in the UK is less that everything is expensive, but that nearly everyone is poor. Inequality really appears to be going rapidly the wrong way.
- ta1243 4y agoThe problem is the decimation of the middle earners, the ones that drive the service economy. More and more of their income (especially in London) is taken by rent and bills. Lower earners have had massive payrises - 24% in real terms since 2010. Median earners are up just 2.8% in real terms since 2010 From 2010 to 2023 Minimum wage has risen 76% House prices have risen 76% State Pension is up 52% Median earnings is up 45% CPIH inflation is up 41% NHS Band 7 salaries (41-47k) are up 37%