Erm, yes?

The UK’s lowest-paid workers are more than twice as likely to have lost their jobs in the coronavirus pandemic than higher-paid employees, according to a study revealing rising inequality amid the crisis.

The Institute for Employment Studies said one in 20 low-paid workers had fallen out of a job in each quarter since the pandemic struck – equivalent to 250,000 workers across Britain – compared with one in 50 of those on higher wages.

The lower paid are, by definition, more marginally attached to the labour force.

And?

13 thoughts on “Erm, yes?”

  1. Also on this morning’s news: Low paid workers can’t survive on £500 a week.

    If you’re on 500 quid a week, YOU’RE NOT A LOW PAID WORKEWR!!!!!!!!!!!!!!

  2. Reality is likely that FAR more workers of all types and pay scales are out on their arse but kept on the zombie books by Spewnacks funny money. So –either more of that and more inflation or more hitting UC –prob for years given Johnson’s love of corporate socialism and green bullshit. Plus Senile China Joe’s antics to come knock on effect on world economy.

  3. I don’t think letting inflation rip is going to work for UK government. Quite sensibly, gilt holders have 25% of them index linked. It’s enough of a percentage that the government will have problems repaying them.

  4. Certainly confirms what I’ve been suspecting. That the calls for MOAR LOCKDOWN come overwhelmingly from the salaried & comfortably retired. People nearer the bottom of the economic ladder are more economically aware. Although, if it carries on like it’s going, eventually this is going to reverse. What you might call the parasite classes are going to start finding they’ve become superfluous in a radically simplified economy. How many chartered accountants do you you need when half the small businesses have gone bust? How much need for an Institute for Employment Studies?

  5. “How much need for an Institute for Employment Studies?”
    The whole concept implies that people employed there should not have to worry about getting fired…

    And of course the comfortably retired shout the loudest for Moar Lockdown. They’re the group at most risk. Can’t enjoy retirement when the hoi-polloi may well kill you.

  6. I’m retired, reasonably comfortably, and I’m not in favour of more lockdown. The most obvious reason is that it doesn’t work and is causing massive harm.

  7. @BiS..

    I too am “comfortably retired” (or at least I was until HM Treasury “suggested” to the denizens of the FTSE indeces that cancelling dividends might look better for them) – but damned if I want to spent my few remaining years of reasonable health under house-arrest! As “Stoney..” says, they demonstrably don’t work and the economic and social damage that they have caused is utterly appalling.

  8. @Stonyground
    That’s what I meant about being economically aware. You obviously are. To continue in comfortable retirement requires the investments comprise that pension pot continue to provide an income pays the pension. That the investments continue to have a value, provides the underlying value of the pension pot. Way things are going, this is all being dismantled. There’s going to come a point where the people were near the bottom of the ladder will find themselves much nearer the top. There will always be a demand for getting basic shit done. The less basic, the less the demand.

  9. I’m ‘comfortably’ retired and I’m completely fed up with lockdown. If you are looking for fans of it, try another group. Or better still, ask, don’t just imagine your prejudies are factual.

  10. “I’m retired, reasonably comfortably”: so are we, at least until the cost of Care ruins us. On the other hand we’d very much like the chance to cuddle our new granddaughter. Still, once we’ve had our two jabs, eh?

  11. I’m retired in a marginally comfortable way and temperamentally opposed to lockdown from the start, yet I concur with BiS; easy to call for lockdown when it isn’t hitting your pocket.

  12. And of course the comfortably retired shout the loudest for Moar Lockdown. They’re the group at most risk. Can’t enjoy retirement when the hoi-polloi may well kill you.

    My elderly parents were mostly bemused by lockdown.

    But what’s the point of living a few extra years is you have to stay at your home and see no-one in that time? Their view is that they might as well be dead if that’s going to be how it plays out.

    It’s the 65 year olds, not the 85 year olds, who are most for lockdown. And they are not the group at greatest risk.

  13. Well, I’m comfortably retired, and I was happy when I learned that ‘they’ didn’t want masks worn in the local library anymore. But of course I make comments on this blog.

    I think even my sister, who’s a trifle more left wing than me (ok this wouldn’t be hard) appeared quite happy when they reduced the damn thing.

    Though I suppose that the leftier you are, the more you’re inclined to believe the government can simply wave the magic wand and everything anyone wants will simply materialise from the luminiferous ether.

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