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It’s a myth that Labour has lost the working class | Ash Sarkar | Opinion | The Guardian
The NRS social grade can’t be trusted to measure class at all. And so using it as a basis on which to decry Labour’s loss of the working class is completely and utterly flawed. In fact, mobilising the vote of working-class young people in “red wall” seats might be the key to frustrating Boris Johnson in this general election. Millennials in both the east and west Midlands, as well as Yorkshire and the Humber, have endured some of the sharpest falls in living standards out of anywhere in the UK.

The problem with reducing the actually existing diverse working class to a homogeneous cohort of older white Brits with regional accents is that it’s fundamentally misleading. It doesn’t tell you much about either the concentration of wealth or would-be Labour voters, and indeed nothing at all about how to meet the material needs of working-class people who have suffered from decades of deindustrialisation and chronic underfunding by central government. Addressing the gaping regional inequalities in power, money, and infrastructure will be key to neutralising Brexit’s ability to corrode the “red wall”. No one but the ruling class wins in a culture war.
UK  politics  LabourParty  class  workingClass  socialConservatism  CurticeJohn  Brexit  Leave  Remain  youth  NRS  socialClass  socialGrade  deindustrialisation  precarity  wealth  dctagged  dc:creator=SarkarAsh 
yesterday by petej
'Staggering' New Data Shows Income of Top 1% Has Grown 100 Times Faster Than Bottom 50% Since 1970 | Common Dreams News
"The bulk of a generation of economic growth has been captured and concentrated in a few hands, and many people have barely seen any of it."
wealth  inequality 
yesterday by flyingcloud
Elite violence and elite numeracy in Europe from 500 to 1900 CE: A co-evolution | VOX, CEPR Policy Portal
A growing body of literature finds a relationship between agricultural specialisation in animal husbandry and the relatively strong economic position of women, which might also have influenced human capital formation through gender equality and female autonomy (Alesina et al. 2013, de Pleijt et al. 2016, Voigtländer and Voth 2013, Baten et al. 2017).
sociology  History  Europe  wealth  VoxEU 
3 days ago by suitable
Using history to understand hidden wealth in the UK | VOX, CEPR Policy Portal
Sharp declines in the concentration of declared wealth occurred across Europe and the US during the 20th century. But the rich may have been hiding much of their wealth. This column introduces a new method to measure this hidden wealth, in any form. It finds that between 1920 and 1992, English elites concealed 20-32% of their wealth. Accounting for hidden wealth eliminates one-third of the observed decline of top 10% wealth share over the past century.
wealth  Research  VoxEU  2019  England  Wales 
3 days ago by suitable
derecka, like erica but with a d on Twitter: "Ruthie Wilson Gilmore: "Philanthropy is the private allocation of stolen social wages." this is the most important sentence I've heard this year. #MUMI" / Twitter
“Ruthie Wilson Gilmore: ‘Philanthropy is the private allocation of stolen social wages.’

“This is the most important sentence I've heard this year.”
wealth  philanthropy  twitter  2019 
4 days ago by handcoding
We're broke, not poor: how I became downwardly mobile | Life and style | The Guardian
According to a 2016 study on social mobility, 50% of Americans born in the 1980s are set to end up worse off than their parents were. Downward mobility is a relatively new thing for middle-class white people in this country. It used to be, if you were born into a certain type of family, you went up from there. To be one of the first generations to go backwards is often dizzying.
healthcare  economy  wealth  poverty 
7 days ago by dirtystylus

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