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Eating the crumbs from the rich man's table
Jeremy Bosk
Posted: 06 December 2011 07:23:47(UTC)
#1

Joined: 09/06/2010(UTC)
Posts: 1,316

Divided We Stand: Why Inequality Keeps Rising

There is a new report from the OECD, not known as a haven for "pinko Communist, pointy-headed intellectuals". It suggests what everyone always knew - although some pretended otherwise: trickle down economics does not work. In a society with extremes of income and wealth, misery and squalor follow as night follows day.
http://www.oecd.org/docu...49147827_1_1_1_1,00.html
Robert Court
Posted: 06 December 2011 10:57:26(UTC)
#2

Joined: 22/08/2011(UTC)
Posts: 606

Jeremy Bosk

One interesting bit from your link:

"The higher-paid worked more hours. As in most other OECD countries, the UK recorded a trend towards an
increasing divide in hours worked between higher- and lower-wage earners. Since the mid-1980s, annual
hours of low-wage workers remained stable at around 1050, while those of higher-wage workers augmented
from 2240 to 2450 hour"

So the rich don't only get paid far more per hour they work they work twice as many hours on average; hoe dare they work so hard!

It certainly seems that working hard is the major solution to most economic problems.

I'm sure you'll say that there are insufficient jobs available and that, of course, poses a problem.
dd
Posted: 06 December 2011 13:04:48(UTC)
#3

Joined: 15/09/2010(UTC)
Posts: 281

Thanks: 312 times
Was thanked: 94 time(s) in 62 post(s)
Who was it who said: "It's funny how the harder I work, the luckier I get."?
1 user thanked dd for this post.
srg751 on 22/08/2016(UTC)
Franco
Posted: 06 December 2011 14:46:34(UTC)
#4

Joined: 16/09/2007(UTC)
Posts: 20

As it says in the Good Book, to those that have it shall be given.
Franco
Posted: 06 December 2011 14:46:36(UTC)
#5

Joined: 16/09/2007(UTC)
Posts: 20

As it says in the Good Book, to those that have it shall be given.
seahound
Posted: 06 December 2011 15:22:25(UTC)
#6

Joined: 08/07/2008(UTC)
Posts: 11

The meek shall inherit the earth but the strong will take it off them.
The lepard will lie down with the lamb but the lamb won't get much sleep.
Robert Court
Posted: 06 December 2011 16:05:56(UTC)
#7

Joined: 22/08/2011(UTC)
Posts: 606

I put that quote in above to show that those who work hard obviously gain the most, but if you haven't got a job and can't find a job then things are obviously pretty bleak as in:

"COUNTRY NOTE: UNITED KINGDOM
Income inequality among working-age persons has risen faster in the United Kingdom than in any other
OECD country since 1975. From a peak in 2000 and subsequent fall, it has been rising again since 2005 and is now
well above the OECD average.
The annual average income of the top 10% in 2008 was almost GBP 55,000, almost 12 times higher than
that of the bottom 10%, who had an average income of GBP 4,700. This is up from a ratio of 8 to 1 in 1985. Taxes
and benefits reduce inequality by a quarter in the United Kingdom, in line with the OECD average."

GBP 4,700 equates to GBP90.38 per week and I assume includes stuff like housing benefit if total income to those unemployed while 55k is obviously well over GBP 1,000 per week.

I think a person is doing ok once he/she is earning GBP 100 per day (i.e. GBP 500 per week, GBP 26,000 per annum).

It's not easy to drag that bottom 10% up by over five times their present income; work and lots of it seem to be the answer; finding productive work let alone forcing people to take it is another problem.

On GBP 100 per week your disposable income for food, transport, clothing is probably about GBP 35 per week; on GBP 500 per week your disposable income probably soars by at least TENFOLD to something more like GBP 350 per week unless you're foolish enough to have a huge mortgage and insist on borrowing money for a fancy new expensive car, etc.
Jeremy Bosk
Posted: 06 December 2011 16:15:44(UTC)
#8

Joined: 09/06/2010(UTC)
Posts: 1,316

dd

I expect it was the same PR person who installed the signs "Arbeit macht frei".

Jeremy Bosk
Posted: 06 December 2011 19:11:17(UTC)
#9

Joined: 09/06/2010(UTC)
Posts: 1,316

Robert

The hours worked correspond roughly to either 20 or 40 hours per week. A very large proportion of women with children work part time to fit in with school hours and school holidays. There are a lot of people who work part time by choice for such reasons. Others work part time because they cannot get full time work.

http://www.ippr.org/uplo...echnical%20briefing.pdf

Robert Court
Posted: 06 December 2011 19:22:58(UTC)
#10

Joined: 22/08/2011(UTC)
Posts: 606

Work DOES set you free (the use by the Nazis was a really nasty exception to the rule).

Strangely, NOT working if you're in an impossible situation [if you can empower yourself some other way] can also set you free.

Debt is the biggest prisoner, yet there are people who DELIBERATELY take on debt with zero intention of paying it back.

So we have:

1. The haves and the have nots.

2. Those that believe that work will make them free and those that believe they can exist on thin air.

3. Those that honour their debts and those who fraudulently take on debt.

4. Those that are apathetic and those who are determined to change things proactively if things get bad.

Some rich people have no need to work and other rich people work so hard they have no opportunity to enjoy the fruit of their labour. Some poor people work hard and never seem to make ends meet. We live in an unjust society but the statistics speak for themselves; those who work hardest on average prosper most and that cannot be denied.

We have such a thing called 'mobility of labour' - it can be very hard to 'up sticks' and move, but if you've already lost everything then you have nothing to lose as proved by those who emmigrated to the USA in the Irish potato famines.

Ultimately we are responsible for ourselves; the nanny state cannot take away that responsibility however much you say it must.
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