When you’ve the plumbers knocking on the door of the one percent I’m not entirely sure that social stratification is the thing driving inequality:
Mr Mullins is considering hiring further French plumbers if demand continues to increase, after Mr Hollande’s 75pc levy for France’s highest earners was last month approved by France’s highest court.
“The worse the French economy gets, the better things become for our business,” said Mr Mullins.
He estimates that the new French-speaking recruits could earn between £120,000 and £150,000 a year, in line with his company’s other top engineers.
It might be, rather, that the famed British inequality is in fact geographic inequality rather than class or job based. Further, given that we know very well that the cost of living varies wildly based upon geography then we almost certainly don’t have as much consumption inequality, the only form we should be worried about at all, as people seem to think.
I’m not sure if it is true today but it most certainly was a few years back. That according to ASHE, the highest paid group of women, measured by average hourly wages, were black women. No, we most certainly do not think that black women in general outearn women of other ethnicities. But that is what the figures tell us. The answer being that black women are highly concentrated in London, where wages in general are very much higher than elsewhere.
I am, as I’ve said before, convinced that some to much of the famed British inequality is this inequality of incomes over geographic areas, not inequality of consumption. Essentially, because London dominates Britain in a manner that happens in just about no other European country.
All of which means that the standard techniques to reduce inequality, that predistributionism, the higher taxes, higher minimum wages etc, just aren’t going to address the problem. If, indeed, it’s worth addressing at all. If it really is geographically based then if it is to be dealt with then it would need to be some geographic solution.