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> The sad reality in the UK is real inflation adjusted earnings have been flat for decades. At least in the public sector, inflation adjusted earnings since th
by rcarr 3y ago
> The sad reality in the UK is real inflation adjusted earnings have been flat for decades.
At least in the public sector, inflation adjusted earnings since the recession are down, often by over 20%, not flat.[1] This is why so many UK public workers are striking. Between the government, banks and landlords they’re making it almost impossible to live. Back in the feudalism days the ruling classes typically took between a third and a half of what the serfs produced[2] which is what is happening now as rents are taking over 30% of take home pay in many areas of the country.
> This means that 37% of the average single person's salary now goes on rent, though this proportion is even higher in London: a staggering 52%.[3]
Considering there’s all the other taxes like council tax, income tax, vat and whatever else, the average worker is most likely paying the same amount (or possibly more) to the ruling classes that they did in medieval times. It’s feudalism 2.0, there’s no other way of looking at it.
[1]https://www.ft.com/content/fac8062a-bd83-486b-ac6f-582f1931750b https://www.ft.com/content/fac8062a-bd83-486b-ac6f-582f19317... - this is from January, so probably even worse now.
[2]https://web.cn.edu/kwheeler/feudalism.html https://web.cn.edu/kwheeler/feudalism.html
[3]https://www.refinery29.com/en-gb/single-person-salary-rent-percentage https://www.refinery29.com/en-gb/single-person-salary-rent-p...