71–80 of 104 posts
The British Are Coming for Your White-Collar Job staff shortages in the U.S. You mean the white-collar jobs Americans can't find anyone to do?
That's a load of horse manure and you know it. They can easily find people. The problem is they don't want to pay.
Earlier quoted context omitted.
It’s because inequality is brutal in the island, while the mainland is a bit more equalitarian. So was the UK up until Thatcher really. She released the Kraken of capitalism, and now the UK feels like a small version of the US, inequality wise. Thatcher’s reforms increased GDP and wealth but also massively grew the number of working poor.
Although she also massively increased the wealth of the working class by opening up more property ownership. UK wealth inequality is amongst the lowest in Europe.
Yes it created a new owner class that was enamoured with her, but the end consequence of it is probably the housing crisis/asset bubble that the UK has been living with for 15 years or so.
Buying a council home did make a lot of new owners rich, but it's likely it harmed the long term prospects for the whole country. That was a lot of Thatcher. Deindustrialization annihilated the working middle class. In Germany industry was never destroyed for the sake of the service sector.
Earlier quoted context omitted.
It’s because inequality is brutal in the island, while the mainland is a bit more equalitarian. So was the UK up until Thatcher really. She released the Kraken of capitalism, and now the UK feels like a small version of the US, inequality wise. Thatcher’s reforms increased GDP and wealth but also massively grew the number of working poor.
Although she also massively increased the wealth of the working class by opening up more property ownership. UK wealth inequality is amongst the lowest in Europe.
https://www.sciencedirect.com/science/article/abs/pii/S01436...
"This paper concentrates on the 1% richest households in the UK in a comparison with the other four large Western European countries: Germany, France, Italy and Spain. In the European context the UK is an outlier of extreme inequality. "
"The UK sits half way between the USA and mainland Europe in economic space. The UK levels of inequality are now huge by normal European standards, but not so huge when compared to the average levels of economic inequality experienced within the USA."
Earlier quoted context omitted.
It’s because inequality is brutal in the island, while the mainland is a bit more equalitarian. So was the UK up until Thatcher really. She released the Kraken of capitalism, and now the UK feels like a small version of the US, inequality wise. Thatcher’s reforms increased GDP and wealth but also massively grew the number of working poor.
Although she also massively increased the wealth of the working class by opening up more property ownership. UK wealth inequality is amongst the lowest in Europe.
https://equalitytrust.org.uk/scale-economic-inequality-uk
So the wealth gini coefficient is indeed lower I expected.
The income gini coefficient however is among the highest in Europe, just as I expected.
Is it possible you're cherry picking statistics?
Earlier quoted context omitted.
Also from Ireland. I think English language being their main strength, versus in non-English speaking EU countries where recruiters tend to only look locally where their native language gets spoken instead of venturing into foreign countries where they don't know the language and culture very well. The other I think is how hungry and agresive the UK is for service sector opportunities, having always positioned it's e…
It’s because inequality is brutal in the island, while the mainland is a bit more equalitarian. So was the UK up until Thatcher really. She released the Kraken of capitalism, and now the UK feels like a small version of the US, inequality wise. Thatcher’s reforms increased GDP and wealth but also massively grew the number of working poor.
The anglosphere may have high GDP/capita but if you factor by Income bracket, that GDP is heavily concentrated in the top income brackets.
Earlier quoted context omitted.
Wasn’t that all set in motion by Thatcher? Especially the deteriorating economic situation for the entirety of the UK outside of London?
Thatcher set out some reforms and flogged off a lot of state run things. One of the big things she did was de-regulate some of the financial markets (a-la big bang) The shutting down of the mines was the thing that she was most vilified for. However she left office in 1990, there were 7 more years of conservative rule after her. However, much as its fun to piss on her grave (no judgement) the stuff she did was/is pre…
Incidental, people seem to forget that Lizz Truss was the number one pick by the Conservative Party membership for leader. That tells you all you need to know about the judgement of the Conservative Party membership.
Earlier quoted context omitted.
Although she also massively increased the wealth of the working class by opening up more property ownership. UK wealth inequality is amongst the lowest in Europe.
Unfortunately I can't read this paper, but it seems to have the opposite conclusion that you have. https://www.sciencedirect.com/science/article/abs/pii/S01436... "This paper concentrates on the 1% richest households in the UK in a comparison with the other four large Western European countries: Germany, France, Italy and Spain. In the European context the UK is an outlier of extreme inequality. " "The UK sits half w…
Earlier quoted context omitted.
Although she also massively increased the wealth of the working class by opening up more property ownership. UK wealth inequality is amongst the lowest in Europe.
One more data point: https://equalitytrust.org.uk/scale-economic-inequality-uk So the wealth gini coefficient is indeed lower I expected. The income gini coefficient however is among the highest in Europe, just as I expected. Is it possible you're cherry picking statistics?
Earlier quoted context omitted.
Although she also massively increased the wealth of the working class by opening up more property ownership. UK wealth inequality is amongst the lowest in Europe.
You mean her political jiu jitsu of making council homes available for sale? Yes it created a new owner class that was enamoured with her, but the end consequence of it is probably the housing crisis/asset bubble that the UK has been living with for 15 years or so. Buying a council home did make a lot of new owners rich, but it's likely it harmed the long term prospects for the whole country. That was a lot of Thatch…
I'd also say the UK is more comparable to France, which deindustrialised to a similar degree.