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Tag: Inequality in Britain
The ‘supply-and-demand model of labor markets is fundamentally broken,’ and that’s why you’re not getting a pay raise anytime ...
Working is no longer a guaranteed way of getting ahead. Instead, it may keep you poor. You cannot get rich working for Uber. You cannot get rich working for Deliveroo.
At just 4.2%, unemployment in the UK is at its lowest level in decades. It should be the best of times.
Millennials will be the richest generation ever, according to UBS — so perhaps they ought to stop complaining about the housing market
"There are fewer millennials than baby boomers. The concentration of wealth will increase, and fewer people will share the national wealth."
Debt creation is a necessity in an economy where most people are not rich enough to buy the houses they need to live near the tech companies that employ them.
Raising the minimum wage in Britain has been a huge benefit to workers — and employers are largely unharmed
The increases have "had a minimal impact to date on most big retailers' profits," according to a note from Morgan Stanley.
Millennials are being forced to live in smaller spaces, commute for longer, and wait on average until their 40s to buy a house.
Since 2002, the number of insecure, part-time, and under-paid jobs have increased, while official unemployment has declined to almost negligible levels.
Public sector employees already get paid more than other British workers, and it’s a source of inequality in the UK
A decade of austerity has left the average public sector worker better off than those in the private sector.
"We are failing those who will grow up into a world where the gap between the richest and poorest parts of the country is significant and destabilising."