Low-paid Britons now number five million
No wonder we had exhalations or 'Lowest unemployment since XXXX' .Everyone s being paid peanuts. I'd say 'well ,you'll get monkeys working for you' but parliaments full.
(, Sun 26 Oct 2014, 11:41, Share, Reply)
Hasn't this always been so though?
The numbers may be bigger, but I doubt the proportions have changed much. I remember the constant industrial unrest in the 70's as workers were on the poverty line. Long before that we had the mill workers and the miners, who were hardly affluent and the poorhouse and debtors prisons to cope with how many were financially bereft.
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TheSundaeLunch I'm a fucking shrub, alright?, Sun 26 Oct 2014, 13:22,
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So let me get this straight...
People earning below the median hourly pay rose by 250,000
and at the same time 500,000 people were no longer unemployed?
I look forward to Millibands solution to reversing this trend.
[edit] I'm not an economist but if you're using the median to decide what is low pay are you not by default always going to have a large amount of people in that category?
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Cerebus Sticky! Sticky! Stick! Stick!, Sun 26 Oct 2014, 14:08,
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Half the population will be below the median
But the report refers to "less than two-thirds of the median wage", so there is a bit of a downwards skew.
(Median is a much, much, much better measure of 'equality' than mean in this situation. If you use the mean then as the rich get richer the mean will shift so much that it will look like everybody is getting much better-off).
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Ghoti Fingers, Sun 26 Oct 2014, 15:03,
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