Thursday, September 27, 2018

A Bleak Future

 Generations growing up today face a bleak future: falling real wages, shrinking opportunities and greater income divides. The dream of just doing better, let alone climbing the social ladder, is dying.

Our privately educated elites are remarkably persistent. Today as many as 50% of leading people across a range of professions – from politics, media and law, to film, the arts, music and elite sports – attended private schools, despite comprising only 7% of the population.

In post-recession Britain, life for average workers has worsened. In the decade from 2008, the median worker’s wages decreased by 5% in real terms.

For all the talk about social mobility, little has changed. 

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