Inequality and the 1%

alittleecon

Just came across this video on Youtube of a presentation given by geographer Danny Dorling on inequality and the 1%. He gives a lot of facts and figures about inequality. I have heard similar numbers bandied about before, but it always gives pause for thought to hear things like:

  • You are in the top 1% of earners if you are a single person earning over £100,000
  • The top 1% take 15% of income in the UK
  • Inequality has been falling but only amongst the bottom 99%. The gap between the 99% and the 1% is growing every year
  • Barclays bank employs over 300 people of salaries in excess of £1m, more than the whole of Japan.

A lot of politicians are quite blase about inequality, and are desperate to avoid saying anything that could be construed as being anti “wealth creators”, but Dorling’s conclusion here is quite stark. He says…

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