Why not also compare the comparative take home salaries? The minimum wage worker takes home around £1600 a month after tax and national insurance. The £126k worker brings home £6500 a month after tax and national insurance.
I understand the hardship of losing access to free childcare but that’s relatively short lived and realistically can be absorbed by someone earning over £6k a month. Long term they will also be building their pension pot and looking forward to a comfortable retirement.
The effective tax rate is much higher for the £126k earner because they can afford it without being driven into poverty. The minimum wage worker would be on £1100 a month if they were on the same effective tax rate.
I wonder if the resentful higher earners (and their wives) on this thread, ever take a moment to pause and consider how life would be for them on a £1600 a month salary when they’re moaning about only taking home £10k a month on a £200k salary.
£1600 a month working full time. That’s about 2 million people in the U.K. working in shops, restaurants, cafes, hotels, supermarkets. All of these services that we all depend on to keep society going, or to provide luxuries and leisure activities to the better earners. They are cleaners, care workers, kitchen assistants, customer service workers, admin assistants, keeping everything ticking along at very low pay. And there’s millions more earning just a bit, but not much more, over that. What are they striving for, for such low pay? Why should they bother?
The entitlement, grandiosity and snobbery that’s been on display in this thread is shocking.