What is grotesque is the next number that should shock everyone. The average pay of the next 90%, (by stripping out all earnings of the top 10%, including the 1% and 0.1% groups) leaves an annual income of just £12,969. Yes, you read that right. Stripping out the top 10% of average pay, leaves just £12,969 average pay for the remaining 90% of the population.
That IS shocking. What's the type of average used here (mean, medina or mode?) ? And the source if you don't mind?
Ive lived off less and thankfully now we do OK (by no means rich, but managing) so he syou can live off it, but it's not much fun.
Inequalities such as this should concern everyone. Healthy economies are not characterised by huge levels of inequality. Indeed it's seen as one of those markers for a civilisation at a point of decline (from a historical point of view.)
I honestly think we are going to see civil unrest on a large scale within the next 5-10 years. It's like we are going back to feudal times and all the postwar gains are being rolled back.