Stunning article from John Burns Murdoch. Proud Britons look away now.
When it comes to average household incomes, the UK may soon need to ask migrant labourers to take a pay cut
JOHN BURN-MURDOCH Add to myFT
Where would you rather live? A society where the rich are extraordinarily rich and the poor are very poor, or one where the rich are merely very well off but even those on the lowest incomes also enjoy a decent standard of living?
For all but the most ardent free-market libertarians, the answer would be the latter. Research has consistently shown that while most people express a desire for some distance between top and bottom, they would rather live in considerably more equal societies than they do at present. Many would even opt for the more egalitarian society if the overall pie was smaller than in a less equal one.
On this basis, it follows that one good way to evaluate which countries are better places to live than others is to ask: is life good for everyone there, or is it only good for rich people?
To find the answer, we can look at how people at different points on the income distribution compare to their peers elsewhere. If you’re a proud Brit or American, you may want to look away now.
Starting at the top of the ladder, Britons enjoy very high living standards by virtually any benchmark. Last year the top-earning 3 per cent of UK households each took home about £84,000 after tax, equivalent to $125,000 after adjusting for price differences between countries. This puts Britain’s highest earners narrowly behind the wealthiest Germans and Norwegians and comfortably among the global elite.
So what happens when we move down the rungs? For Norway, it’s a consistently rosy picture. The top 10 per cent rank second for living standards among the top deciles in all countries; the median Norwegian household ranks second among all national averages, and all the way down at the other end, Norway’s poorest 5 per cent are the most prosperous bottom 5 per cent in the world. Norway is a good place to live, whether you are rich or poor.
Britain is a different story. While the top earners rank fifth, the average household ranks 12th and the poorest 5 per cent rank 15th. Far from simply losing touch with their western European peers, last year the lowest-earning bracket of British households had a standard of living that was 20 per cent weaker than their counterparts in Slovenia.
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
It’s a similar story in the middle. In 2007, the average UK household was 8 per cent worse off than its peers in north-western Europe, but the deficit has since ballooned to a record 20 per cent. On present trends, the average Slovenian household will be better off than its British counterpart by 2024, and the average Polish family will move ahead before the end of the decade. A country in desperate need of migrant labour may soon have to ask new arrivals to take a pay cut.
Across the Atlantic it’s the same story, only more so. The rich in the US are exceptionally rich — the top 10 per cent have the highest top-decile disposable incomes in the world, 50 per cent above their British counterparts. But the bottom decile struggle by with a standard of living that is worse than the poorest in 14 European countries including Slovenia.
To be clear, the US data show that both broad-based growth and the equal distribution of its proceeds matter for wellbeing. Five years of healthy pre-pandemic growth in US living standards across the distribution lifted all boats, a trend that was conspicuously absent in the UK.
But redistributing the gains more evenly would have a far more transformative impact on quality of life for millions. The growth spurt boosted incomes of the bottom decile of US households by roughly an extra 10 per cent. But transpose Norway’s inequality gradient on to the US, and the poorest decile of Americans would be a further 40 per cent better off while the top decile would remain richer than the top of almost every other country on the planet.
Our leaders are of course right to target economic growth, but to wave away concerns about the distribution of a decent standard of living — which is what income inequality essentially measures — is to be disinterested in the lives of millions. Until those gradients are made less steep, the UK and US will remain poor societies with pockets of rich people.
aff oot
garcia lorca on
I am on the Eurostar from the Gare du Nord in Paris to St Pancras, London.
They have jus announced In English ( not French or German, like most announcements) that there will be one minutes silence at 8pm in memory of The Queen.
Do you think they are trying to rub salt into the wounds after the loss of 3 precious points today?
As Jock often said- we get the same ( two) points for beating Rangers as we do St Mirren etc.
I hope Ange and the team take that on Boad
Jobo Baldie on
It’s never easy after a defeat to try to identify our best players. But I’m delighted that 20 have already done so, albeit with some qualifications such as “my 3 least rotten players were….”. However, somebody is going to get the MOTM and 5 points so you might as well influence it! SENCELPOTY@GMAIL.COM
Aff oot for dinner…….
An Dún on
When the dust settles, I think some players who started today won’t see another start this side of Christmas. When you start your first game in weeks and play like that, then you can have no complaints when your sitting in the bench for a couple of months.
There’s strength yet to be added to this squad, it’s still only been three windows under Ange but it’s clear to me we need another CB and cover for Juranovic.
Hot Smoked on
MOISEY17 on 18TH SEPTEMBER 2022 4:44 PM
I would hope that even more people now realise that the idea of ` a free society` is not quite accurate.
An Dún on
Priest prayed for Lizzy today at Mass. Little doubt that the Catholic Church continues to be a good institutional friend for the British in Ireland.
Brian f on
These total clowns pining for Craig gordon.get a grip of yourself.hes no in the same league as Joe hart.total roasters
An Tearmann on
Bsr ‘rangeree’ -word of the day :-)))
HH
Brian f on
Oh the colour of the strip lost us the game ffs.moonhowling rockets
Saint Stivs on
I wish that Brian F guy would post more,
Back to Basics - Glass Half Full on
IMHO … disappointing that some feel the need to pointedly lay “blame” at the door of our manager.
No manager wins every game.
We employ Ange to win enough matches to deliver silverware.
He’s done pretty well with that so far.
Rock Tree Bhoy on
Well at least we all now know that Big Ange isn’t the Messiah, hopefully this will cool down all the speculation about his imminent move to the English Premiership.
An Dún on
I’ve no problem blaming, Ange. I think he had a pretty bad day at the office today. He wasn’t alone but he knows where the buck stops.
No Celtic manager will ever be immune to criticism, especially if it’s valid.
Over the piece of course he’s done a great job. We move on now.
Saint Stivs on
LIONROARS67 on 18TH SEPTEMBER 2022 2:42 PM
St Stivs an article with the Port as its central theme, well worth a read
Linda Urquhart@LindaUrquhart
A worthwhile long, sad, read. Ian Jack · Chasing Steel: Scotland’s Ferry Fiasco · LRB 22 September 2022
brilliantly interesting read, history, accuracy, several comments strike a chord, if you know your history, of things other than celtic indeed.
ta for that, i am going to reach out to the author,
corkcelt on
Strip didn’t cost us the game but it looked shite,
Whoever decided to use it against St. Mirren with both teams in black shorts. St, Mirren Black & White Stripes & Celtic in Grey should have his/her head examined,
It certainly spoiled m enjoyment of watching the game on Telly & that was from the start before a goal was scored.
Ferguson ditched the Man United grey strip reckoning playing fast football the brain would pick a pass to a teammate with a clear cut recognizable colour a mili second faster than one with a drab coloured shirt..
Personally I hope I never see Celtic play in that poxy strip ever again.
bournesouprecipe on
I didn’t read any posts that said it was the grey strips that caused the performance but I read dozens about the colour clash.
bournesouprecipe on
Difference with Ange is that he’ll admit he got the team selection wrong even although some
changes were enforced on him.
bournesouprecipe on
ITV 4 the Madrid derby about to start.
The quiet man on
An all round poor performance today and got what we deserved.
Onwards and upwards as they say , hope Ange has learned the lesson of get the game won then make the changes.
An dun
In England I believe all Masses today we’re requiem for the queen. It included a rendition of GSTK and there was a special pamphlet issued.
The priest’s homily was gushing praise of her as a leading light for Christians and her faith was key in everything she did.
Very much contrary to my views, but it shows the Catholic church in England has a different approach to the Protestant monarchy.
fanadpatriot on
One defeat in one year ,roll on the nextyearhh
Superannuated Fenian on
Well….I’m late to the party. It’s all been said. The only comments I might prioritise would be: (1) when you play a loose, ad hoc defensive system you are especially reliant on the quality of each individual; CCV has that quality and we are much more vulnerable without him. (2) having praised Mooy I have to put my hands up and concede he is not a starter, but a closing down finisher, who contributed to the lack of pace and intensity from the off; (3) maybe we just needed something like this to bring us back to earth – a good kick up the erse, if you like. Learn the lessons and, moving on, get ready to go again. HH.
The quiet man on
Well that minute was far longer than Anfield
fanadpatriot on
Corkcelt 100% correct,Ferguson changed their strip at half time in a game ,forget who it was against ,
Football is played a a high pace so picking out colours is important.HH
The quiet man on
I’m at a funeral tomorrow at 11am, for one of our parishioners, so it will give me an opportunity to miss the other one.
RIP Mary C
GFTB on
Honestly … have a think to yourself … does one poster even think that the strip was at fault … ffs … we got beat deal with it …
364 days is a decent innings domestically
1st October … we go again
(Whatever strip we wear)
bournesouprecipe on
Fanad
Southampton I recall. Celtic didn’t have the choice to change at HT as the reason for the third kit, was that the first two were a already a colour clash
The quiet man on
Superstition seems to play a big part in supporters psyche so blaming it on the strip wouldn’t be a surprise. Total bull of course, the real reason was I didn’t wear my Celtic underpants.
The quiet man on
I managed to miss all the coverage last week as I was in Mallorca.
Flew back yesterday to Manchester 5 hours delay, 3 hours late arriving and a further 2 for aircon fault. On the plane for 5 hours for a 2 hours flight. 3 year old grandson was not happy neither was this grandad. This followed a 2 hours delay going out.
Compensation claim will be filed.
notthebus on
Joe Hart questionable at best during the week and p!ss poor today,
hes the bext we have had since FF, but he is not the messiah
fourstonecoppi on
NOTTHEBUS on 18TH SEPTEMBER 2022 8:29 PM
he is not the messiah
just a very naughty bhoy!
fourstonecoppi on
CORKCELT on 18TH SEPTEMBER 2022 7:52 PM
100%
is was shite and even on the telly is was difficult to distinguish!
Hrvatski Jim on
BRIGHTON have announced the singing of Roberto De Zerbi after the departure of Graham Potter.
BillyBhoy1967 on
I’m still sitting here brooding.
Is that the first time Ange has gone 3 games without a win?
We’ve scored 1 goal in 45 “attempts” in these three games so its not hard to see where we’re letting ourselves down.
Ironically, I’m just listening to Elvis Costello and he’s currently singing My Aim Is True.
If only…..🙄
The quiet man on
HRVATSKI JIM
I was hoping Ange would get the job with Brendan back where he belongs at Celtic. 😉
An Tearmann on
Philbhoy 4.07
Have another dram.your spelling your dram properly.:-) so another couple and you’ll be grand,:-)
Days are like today occur,
We will have a bit of work and things to think on.
Same old Celtic.💚
A skelp to,to our heads,our expectation management.
I too criticised thon strip. I wouldn’t claim it was the reason we got beat. It is just horrible and I hope we don’t have to ever set eyes on it again.
686 Comments- Pages:
- «
- 1
- ...
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- »
Opinion Data Points
Britain and the US are poor societies with some very rich people
If you do want a moment of reflection, reflect on broken Britain the article contains some sobering facts on the economic future under chick III
https://twitter.com/LucySetonW/status/1570659623736049664?s=20&t=1YOC93qkCLwozYtgwQ3pPw
Stunning article from John Burns Murdoch. Proud Britons look away now.
When it comes to average household incomes, the UK may soon need to ask migrant labourers to take a pay cut
JOHN BURN-MURDOCH Add to myFT
Where would you rather live? A society where the rich are extraordinarily rich and the poor are very poor, or one where the rich are merely very well off but even those on the lowest incomes also enjoy a decent standard of living?
For all but the most ardent free-market libertarians, the answer would be the latter. Research has consistently shown that while most people express a desire for some distance between top and bottom, they would rather live in considerably more equal societies than they do at present. Many would even opt for the more egalitarian society if the overall pie was smaller than in a less equal one.
On this basis, it follows that one good way to evaluate which countries are better places to live than others is to ask: is life good for everyone there, or is it only good for rich people?
To find the answer, we can look at how people at different points on the income distribution compare to their peers elsewhere. If you’re a proud Brit or American, you may want to look away now.
Starting at the top of the ladder, Britons enjoy very high living standards by virtually any benchmark. Last year the top-earning 3 per cent of UK households each took home about £84,000 after tax, equivalent to $125,000 after adjusting for price differences between countries. This puts Britain’s highest earners narrowly behind the wealthiest Germans and Norwegians and comfortably among the global elite.
So what happens when we move down the rungs? For Norway, it’s a consistently rosy picture. The top 10 per cent rank second for living standards among the top deciles in all countries; the median Norwegian household ranks second among all national averages, and all the way down at the other end, Norway’s poorest 5 per cent are the most prosperous bottom 5 per cent in the world. Norway is a good place to live, whether you are rich or poor.
Britain is a different story. While the top earners rank fifth, the average household ranks 12th and the poorest 5 per cent rank 15th. Far from simply losing touch with their western European peers, last year the lowest-earning bracket of British households had a standard of living that was 20 per cent weaker than their counterparts in Slovenia.
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/ef265420-45e8-497b-b308-c951baa68945?sharetype=blocked
It’s a similar story in the middle. In 2007, the average UK household was 8 per cent worse off than its peers in north-western Europe, but the deficit has since ballooned to a record 20 per cent. On present trends, the average Slovenian household will be better off than its British counterpart by 2024, and the average Polish family will move ahead before the end of the decade. A country in desperate need of migrant labour may soon have to ask new arrivals to take a pay cut.
Across the Atlantic it’s the same story, only more so. The rich in the US are exceptionally rich — the top 10 per cent have the highest top-decile disposable incomes in the world, 50 per cent above their British counterparts. But the bottom decile struggle by with a standard of living that is worse than the poorest in 14 European countries including Slovenia.
To be clear, the US data show that both broad-based growth and the equal distribution of its proceeds matter for wellbeing. Five years of healthy pre-pandemic growth in US living standards across the distribution lifted all boats, a trend that was conspicuously absent in the UK.
But redistributing the gains more evenly would have a far more transformative impact on quality of life for millions. The growth spurt boosted incomes of the bottom decile of US households by roughly an extra 10 per cent. But transpose Norway’s inequality gradient on to the US, and the poorest decile of Americans would be a further 40 per cent better off while the top decile would remain richer than the top of almost every other country on the planet.
Our leaders are of course right to target economic growth, but to wave away concerns about the distribution of a decent standard of living — which is what income inequality essentially measures — is to be disinterested in the lives of millions. Until those gradients are made less steep, the UK and US will remain poor societies with pockets of rich people.
aff oot
I am on the Eurostar from the Gare du Nord in Paris to St Pancras, London.
They have jus announced In English ( not French or German, like most announcements) that there will be one minutes silence at 8pm in memory of The Queen.
Do you think they are trying to rub salt into the wounds after the loss of 3 precious points today?
As Jock often said- we get the same ( two) points for beating Rangers as we do St Mirren etc.
I hope Ange and the team take that on Boad
It’s never easy after a defeat to try to identify our best players. But I’m delighted that 20 have already done so, albeit with some qualifications such as “my 3 least rotten players were….”. However, somebody is going to get the MOTM and 5 points so you might as well influence it! SENCELPOTY@GMAIL.COM
Aff oot for dinner…….
When the dust settles, I think some players who started today won’t see another start this side of Christmas. When you start your first game in weeks and play like that, then you can have no complaints when your sitting in the bench for a couple of months.
There’s strength yet to be added to this squad, it’s still only been three windows under Ange but it’s clear to me we need another CB and cover for Juranovic.
MOISEY17 on 18TH SEPTEMBER 2022 4:44 PM
I would hope that even more people now realise that the idea of ` a free society` is not quite accurate.
Priest prayed for Lizzy today at Mass. Little doubt that the Catholic Church continues to be a good institutional friend for the British in Ireland.
These total clowns pining for Craig gordon.get a grip of yourself.hes no in the same league as Joe hart.total roasters
Bsr ‘rangeree’ -word of the day :-)))
HH
Oh the colour of the strip lost us the game ffs.moonhowling rockets
I wish that Brian F guy would post more,
IMHO … disappointing that some feel the need to pointedly lay “blame” at the door of our manager.
No manager wins every game.
We employ Ange to win enough matches to deliver silverware.
He’s done pretty well with that so far.
Well at least we all now know that Big Ange isn’t the Messiah, hopefully this will cool down all the speculation about his imminent move to the English Premiership.
I’ve no problem blaming, Ange. I think he had a pretty bad day at the office today. He wasn’t alone but he knows where the buck stops.
No Celtic manager will ever be immune to criticism, especially if it’s valid.
Over the piece of course he’s done a great job. We move on now.
LIONROARS67 on 18TH SEPTEMBER 2022 2:42 PM
St Stivs an article with the Port as its central theme, well worth a read
Linda Urquhart@LindaUrquhart
A worthwhile long, sad, read. Ian Jack · Chasing Steel: Scotland’s Ferry Fiasco · LRB 22 September 2022
https://twitter.com/LindaUrquhart/status/1571191637967085570?s=20&t=1YOC93qkCLwozYtgwQ3pPw
———-
brilliantly interesting read, history, accuracy, several comments strike a chord, if you know your history, of things other than celtic indeed.
ta for that, i am going to reach out to the author,
Strip didn’t cost us the game but it looked shite,
Whoever decided to use it against St. Mirren with both teams in black shorts. St, Mirren Black & White Stripes & Celtic in Grey should have his/her head examined,
It certainly spoiled m enjoyment of watching the game on Telly & that was from the start before a goal was scored.
Ferguson ditched the Man United grey strip reckoning playing fast football the brain would pick a pass to a teammate with a clear cut recognizable colour a mili second faster than one with a drab coloured shirt..
Personally I hope I never see Celtic play in that poxy strip ever again.
I didn’t read any posts that said it was the grey strips that caused the performance but I read dozens about the colour clash.
Difference with Ange is that he’ll admit he got the team selection wrong even although some
changes were enforced on him.
ITV 4 the Madrid derby about to start.
An all round poor performance today and got what we deserved.
Onwards and upwards as they say , hope Ange has learned the lesson of get the game won then make the changes.
An dun
In England I believe all Masses today we’re requiem for the queen. It included a rendition of GSTK and there was a special pamphlet issued.
The priest’s homily was gushing praise of her as a leading light for Christians and her faith was key in everything she did.
Very much contrary to my views, but it shows the Catholic church in England has a different approach to the Protestant monarchy.
One defeat in one year ,roll on the nextyearhh
Well….I’m late to the party. It’s all been said. The only comments I might prioritise would be: (1) when you play a loose, ad hoc defensive system you are especially reliant on the quality of each individual; CCV has that quality and we are much more vulnerable without him. (2) having praised Mooy I have to put my hands up and concede he is not a starter, but a closing down finisher, who contributed to the lack of pace and intensity from the off; (3) maybe we just needed something like this to bring us back to earth – a good kick up the erse, if you like. Learn the lessons and, moving on, get ready to go again. HH.
Well that minute was far longer than Anfield
Corkcelt 100% correct,Ferguson changed their strip at half time in a game ,forget who it was against ,
Football is played a a high pace so picking out colours is important.HH
I’m at a funeral tomorrow at 11am, for one of our parishioners, so it will give me an opportunity to miss the other one.
RIP Mary C
Honestly … have a think to yourself … does one poster even think that the strip was at fault … ffs … we got beat deal with it …
364 days is a decent innings domestically
1st October … we go again
(Whatever strip we wear)
Fanad
Southampton I recall. Celtic didn’t have the choice to change at HT as the reason for the third kit, was that the first two were a already a colour clash
Superstition seems to play a big part in supporters psyche so blaming it on the strip wouldn’t be a surprise. Total bull of course, the real reason was I didn’t wear my Celtic underpants.
I managed to miss all the coverage last week as I was in Mallorca.
Flew back yesterday to Manchester 5 hours delay, 3 hours late arriving and a further 2 for aircon fault. On the plane for 5 hours for a 2 hours flight. 3 year old grandson was not happy neither was this grandad. This followed a 2 hours delay going out.
Compensation claim will be filed.
Joe Hart questionable at best during the week and p!ss poor today,
hes the bext we have had since FF, but he is not the messiah
NOTTHEBUS on 18TH SEPTEMBER 2022 8:29 PM
he is not the messiah
just a very naughty bhoy!
CORKCELT on 18TH SEPTEMBER 2022 7:52 PM
100%
is was shite and even on the telly is was difficult to distinguish!
BRIGHTON have announced the singing of Roberto De Zerbi after the departure of Graham Potter.
I’m still sitting here brooding.
Is that the first time Ange has gone 3 games without a win?
We’ve scored 1 goal in 45 “attempts” in these three games so its not hard to see where we’re letting ourselves down.
Ironically, I’m just listening to Elvis Costello and he’s currently singing My Aim Is True.
If only…..🙄
HRVATSKI JIM
I was hoping Ange would get the job with Brendan back where he belongs at Celtic. 😉
Philbhoy 4.07
Have another dram.your spelling your dram properly.:-) so another couple and you’ll be grand,:-)
Days are like today occur,
We will have a bit of work and things to think on.
Same old Celtic.💚
A skelp to,to our heads,our expectation management.
A game at a time.
We are playing well,up til today,
A year of improvement on every level
Of Celtic play,it’s been a hurl.
Only thing is international break
HH
Just happened upon Real Madrid playing Atletico (scum). Think we gave them a harder game.
Cheered me up a wee bit after this afternoon.
TQM 8.48pm
ha ha ..
Brendan never belonged …
Celtic was a career move …
John Wayne would have played his part in the movie
“The Midnight Flit”
He is now history …. Thankfully :-)
Ange wants to be here so we go with him for the next 364 day unbeaten run and possibly last 16 of the CL
We are in a very good place …. Don’t let anyone tell you otherwise
I too criticised thon strip. I wouldn’t claim it was the reason we got beat. It is just horrible and I hope we don’t have to ever set eyes on it again.