Up til recently (pre 12 years of Tories), salaries were a bit better, but mostly the cost of living was in line with the salaries, when you factor in all of the good public healthcare services and railways, even arts/culture.
Then they privatised all the railways and began making the NHS more and more private, while depressing wages of anything that wasn’t to do with financial speculation and property.
In London that’s all multiplied - finance is very rich, and your average non finance salary should conform to the set London Living Wage (which is higher than the rest of England). The London Living Wage is now however disproportionate to the cost of living. My rents gone up by 300 quid in 3 years, while my house and location have gotten worse and worse.
And now here we are. Pretty much everyone’s feeling it. Anything that’s not a fat moneymaker is shutting down, so the city has become more and more soulless, giving even less reason to live there other than to chase a bigger salary.
Yeah. Our salaries are fucked.
Up til recently (pre 12 years of Tories), salaries were a bit better, but mostly the cost of living was in line with the salaries, when you factor in all of the good public healthcare services and railways, even arts/culture.
Then they privatised all the railways and began making the NHS more and more private, while depressing wages of anything that wasn’t to do with financial speculation and property.
In London that’s all multiplied - finance is very rich, and your average non finance salary should conform to the set London Living Wage (which is higher than the rest of England). The London Living Wage is now however disproportionate to the cost of living. My rents gone up by 300 quid in 3 years, while my house and location have gotten worse and worse.
And now here we are. Pretty much everyone’s feeling it. Anything that’s not a fat moneymaker is shutting down, so the city has become more and more soulless, giving even less reason to live there other than to chase a bigger salary.
Good but very soft summary of analysis by the Rowntree Foundation.