Why the Rich Deserve Higher Pay Rises Than The Rest Of Us.

In the last 12 months, the prices of luxury goods and services in London has risen about 6pc, against an inflation rate of 2.3pc, according to a survey by wealth management adviser The Stonehage Group.

Well, you wouldn\’t want their standard of living to fall would you?

3 comments on “Why the Rich Deserve Higher Pay Rises Than The Rest Of Us.

  1. Every class of Briton seems to experience a higher rate of inflation than the real one. There seems to be three possibilities – 1) all these studies decide their conclusion in advance then pick their goods, 2) the rate of inflation is a lie, 3) there are a few people in the economy who are doing really, really, well from falling prices (IT geeks?), and don’t shout about it so no-one realises.

    Tim adds: 1) Yes. 2) No, an average. 3) See Baumol’s Cost Disease.

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