High earners - how do you spend your salary?

A lot certainly are. Burglaries, stabbings, fly-tipping, graffiti, vandalism, mugging, intimidation; these are the crimes that destroy lives and blight communities, and they are disproportionately carried out by low earners.

My wife never had to worry about her safety when walking home through Canary Wharf, but she would have in the council estate over the road.

It wasn’t investment bankers stealing my motorbike or putting a brick through my neighbour’s window, that’s for sure.

Really? That doesn’t seem likely.

@topgub, how do you propose our society and economy be structured then? If we aren't to pay people in accordance with their skill, revenue-generating capability and hours worked, then how are we to compensate them?

@AnuSTart

my level of responsibility and unusual expertise which could have me in prison if I get things wrong.
I get paid for being available 24/7.

I dont get paid very well for doing those things

I earn very well. When our office cleaner comes into my office and we chat I am in no doubt that she works much harder than I do.
I get paid for my level of responsibility and unusual expertise which could have me in prison if I get things wrong.
I get paid for being available 24/7.
Would I rather earn considerably less and be a cleaner? Sometimes certainly. But it's too much like hard work!

@XelaM

What about yourself? I'm hoping your money isn't just flowing in one direction!

OP I am also a Solicitor and over the years have been earning quite a bit. BUT I'm a single parent with a daughter at private school (since reception-now in Year 7) and whose main hobby is equestrian show jumping. Between the school and the horse my money evaporates into thin air. So if you're having trouble spending your high salary, put your kids through private education and buy a horse 👍

Not being clever enough to be a higher earner @dillydally24, I had to Google that

I dont want higher earners to lose their heads

Just to appreciate they're not any harder working than most other people and that they only make more money because of how society priorities making money and luck.

And even maybe a modicum of underdtanding to see how unfair wealth inequality is

Have a look at DoNotPay, calling itself the world's first robot lawyer. Yes, human lawyers will be needed for some time to come, but many of their skills will be unnecessary when AI develops further.

Err, something tells me you shouldn't have posted this trivial query..... what with the current climate 🤔

Have a look at DoNotPay, calling itself the world's first robot lawyer. Yes, human lawyers will be needed for some time to come, but many of their skills will be unnecessary when AI develops further.

No. heeeee

Good Lord! What a pair of tricoteuses you are, @Topgub and @Nothappyatwork!

Well hardly I grew up in a deprived area and I can tell you precisely the number of people that went to university never mind Oxford or Cambridge was a big fat zero.

I went to 6 form in a slightly better area where I would say the number of free school meals students was around about 25% and out of a class of 30 in the six form 50% went on to university but when I look back through friends who were in the 25% category not one of them went to university.
there are lies damn lies and statistics, but just amongst my peers only 1/3 of the overall cohort went to any university and I remember one of them looking at Bradford 🙄

Clearly you have no understanding of the role of lawyers. I agree that carers should be paid more though.

@Robinni

You cant use whole population figures to compare to school goers

Anyway

Pp tried to make out like it was as simple as higher earners being the only ones capable of doing those roles therefore deserving the wage

Supply and demand.

Except the supply is being constricted by a large number of other factors like not having access to a PE.

@Topgub

How many people are in poverty?
Around one in six people in the UK are in relative low income before housing costs (BHC), rising to around one in five once we account for housing costs (AHC).

commonslibrary.parliament.uk/research-briefings/sn07096/

So the number of “deprived” people admitted to Oxbridge appears to be proportional to the number of people actually in poverty in the U.K.

@Robinni

Not great is it?

@Topgub One in six (15.9 per cent) students admitted to Oxford last year were from the most socio-economically disadvantaged areas, up from 12.2 per cent the previous year.

www.independent.co.uk/news/education/education-news/oxford-admissions-record-deprived-areas-b1845433.html?amp

Thanks @Robinni

How many of those state schools are from deprived areas?

Not great stats considering the state/pe ration on numbers though eh

It's like I said, job values are often based on generated revenue, not how valuable they might be to society in general.

Footballers and the Kardashians generate huge TV revenue. If none of us watched it, they'd be worthless but sadly it's not like that. I don't agree with it any more than you do but it's impossible to argue against market forces.

The sad thing about carers is that care homes generate millions but they receive nothing for adding the most value. But I'd argue that owners of care homes don't actually care much for their residents and just see them as cash cows.

We've learnt relatively little from the pandemic as people forget too easily.

There you go @Topgub as for your “cba” - says it all.

• The number of offers given to Eton students has halved between 2014 and 2021

• The selection of state school candidates in place of well-qualified competitors from private schools has been going on for a long time

• In TSA exams lately successful candidates from private schools scored 73 on average, nearly five points higher than candidates from state schools…. candidates from one type of school with better scores are being turned away in favour of those from another type of school with lower scores.

• The university’s target figure for state school candidates has slowly crept upwards beyond three-quarters.

whichschooladvisor.com/uk/guides/which-state-schools-get-the-most-students-into-oxbridge

Between 2015-2020 state school intake has increased from 62.3% to 70% at Cambridge and from 55.6% to 68.7% at Oxford – and the number of Oxbridge offers is reaching double figures at a growing number of state secondary schools, grammar schools and sixth form colleges. Are these figures high enough, though, when you consider that 93% of UK students are state educated?

While these statistics certainly mark an improvement for state-school applicants, they do only apply to UK applicants. Looking at the broader picture, Higher Education Student Statistics (HESA) show a reduction in UK student numbers at Oxford and Cambridge, as well an increase in offers being given to international students from 2018/19 to 2019/20, mainly from non-EU countries (the Brexit effect). Currently, 21% of Oxford undergraduates and 25% of Cambridge undergraduates are international citizens.

At least part of the reason for increasing state school success is not social engineering, but just hard work and better preparation.