Timmy elsewhere

At the ASI.

When you adjust for the cost of living both China and the UK are a lot less unequal than many think.

2 thoughts on “Timmy elsewhere”

  1. It’s a bit like saying that because your cost of living is much lower in Clacton than Knightsbridge so actually less inequality.

    Which is true as far as it goes, but presumably that higher COL in Knightsbridge reflects the subjective difference in quality of life between the two places. So while you can indeed get a two-up and three squares a day for a lot less in Clacton, that income difference is still a signal for inequality.

  2. “It’s a bit like saying that because your cost of living is much lower in Clacton than Knightsbridge so actually less inequality.”
    But you do have to take into consideration, the aspirations of people living in the two places could be very different. In Knightsbridge it’s convenience to the opera, Clacton the beach.
    A bloke may aspire to an ocean going yacht but can only afford a rowing boat. You’d hardly say the difference in berthing costs were signs of serious inequality.

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