Inequality is a problem in the UK; but how much does it actually cost us in lost economic activity?
The Equality Trust has tryied to figure that out & suggests that relative to other members of the OECD, the costs to the UK of its higher level of inequity could be over £100bn a year.
Have a look at how they've calculated that figure (which they think is likely an under-estimate) & then wonder why the UK's political class is relaxed about such costs?
#inequality
https://media.equality-trust.out.re/uploads/2023/11/ReportCostofInequality-1.pdf
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-06-21 05:36:49
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-06-21 05:36:49Event JSON
{
"id": "34b5645d1eaa3cb19340a1244e2c75b8ed2b535f17b58b04d7f483fa7aee3664",
"pubkey": "b8de67a365b436ce300eb1049973026143f99e3d3712b326f302b7d6f49a2902",
"created_at": 1718948209,
"kind": 1,
"tags": [
[
"t",
"inequality"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/112652989836833950",
"activitypub"
]
],
"content": "Inequality is a problem in the UK; but how much does it actually cost us in lost economic activity?\n\nThe Equality Trust has tryied to figure that out \u0026 suggests that relative to other members of the OECD, the costs to the UK of its higher level of inequity could be over £100bn a year.\n\nHave a look at how they've calculated that figure (which they think is likely an under-estimate) \u0026 then wonder why the UK's political class is relaxed about such costs?\n\n#inequality \nhttps://media.equality-trust.out.re/uploads/2023/11/ReportCostofInequality-1.pdf",
"sig": "06c4cd34c781457263b0f4e2f171f0a2b8a0cb66b5c9fce1ab1546c3e3456661f6f4695196a50395525148dca2172696085045042f857a48ca29567f737b57f1"
}