tag:blogger.com,1999:blog-9001121738545655196.post819880510123939474..comments2023-08-20T12:13:24.740+01:00Comments on Marmalade Sandwich: Do the poor do better under Labour?Young Mr. Brownhttp://www.blogger.com/profile/16106889555211376281noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-9001121738545655196.post-39151588917849024382010-06-08T14:45:09.382+01:002010-06-08T14:45:09.382+01:00I'm sure you're right YMB about universiti...I'm sure you're right YMB about universities - my example was just an illustration of a principle and I couldn't think of a better one. Of course, that may be because my principle is wrong.Alberthttps://www.blogger.com/profile/12407051721186824991noreply@blogger.comtag:blogger.com,1999:blog-9001121738545655196.post-55415689662750163872010-06-08T10:12:18.991+01:002010-06-08T10:12:18.991+01:00Albert
I don't know if this really answers yo...Albert<br /><br />I don't know if this really answers you, but here are a couple of thoughts:<br /><br />1) More people now go to university in the UK than did 40 years ago - which presumably means a higher proportion of less well off people will have gone to university.<br /><br />2) I'm not sure that going to university actually helps one to compete in Britain today. A lot of people I know get well paid jobs without going to university; a lot of people who do go to university don't get well paid jobs. <br /><br />Bethyada,<br /><br /><i>I am not certain your lag time of 1 year is enough.</i><br /><br />I'm not either. The problem is that there are just too many variables involved. To really compare the effects of the different parties, one would have to give each of them a shot at being in power for 30 years!<br /><br /><i>Does your data take into account redistribution of money (eg. is that group getting government supplements)?</i><br /><br />I suspect that it does, though I doubt that it makes much difference.Young Mr. Brownhttps://www.blogger.com/profile/16106889555211376281noreply@blogger.comtag:blogger.com,1999:blog-9001121738545655196.post-74722416204402123052010-06-08T09:05:23.370+01:002010-06-08T09:05:23.370+01:00I am not certain your lag time of 1 year is enough...I am not certain your lag time of 1 year is enough. You need to vary it from 1 to perhaps 5 years and compare the growth.<br /><br />Does your data take into account redistribution of money (eg. is that group getting government supplements)? One can make the poor obtain more money by giving them more, but if their wealth goes up without redistribution then the economic policies are more efficacious.bethyadahttps://www.blogger.com/profile/08990677679970591625noreply@blogger.comtag:blogger.com,1999:blog-9001121738545655196.post-28597362060566387842010-06-07T20:30:31.397+01:002010-06-07T20:30:31.397+01:00If I was an economist I could probably put this be...If I was an economist I could probably put this better, and I may well make errors but here goes:<br /><br />It's obviously a good thing if the poorest are "in real terms" richer. However, this is only a general inflationary measure. So such a person might be able to buy more bread, but may be less able to compete in society because (for example) the Government has introduced tuition fees for universities. So whereas before they went to university if they were able enough, now perhaps they don't.Alberthttps://www.blogger.com/profile/12407051721186824991noreply@blogger.comtag:blogger.com,1999:blog-9001121738545655196.post-47861639813334672462010-06-07T20:14:44.043+01:002010-06-07T20:14:44.043+01:00Compete?
Sorry, but I don't understand.Compete? <br /><br />Sorry, but I don't understand.Young Mr. Brownhttps://www.blogger.com/profile/16106889555211376281noreply@blogger.comtag:blogger.com,1999:blog-9001121738545655196.post-66875175234460941432010-06-07T19:47:34.467+01:002010-06-07T19:47:34.467+01:00I wonder how useful that is then. After all, if o...I wonder how useful that is then. After all, if other people have got much richer, it may be that someone who is poor is unable to compete as well within society as they were when, in "real terms", they were poorer.Alberthttps://www.blogger.com/profile/12407051721186824991noreply@blogger.comtag:blogger.com,1999:blog-9001121738545655196.post-60991593499796242962010-06-07T18:22:12.242+01:002010-06-07T18:22:12.242+01:00It means "adjusted for inflation", appar...It means "adjusted for inflation", apparently.Young Mr. Brownhttps://www.blogger.com/profile/16106889555211376281noreply@blogger.comtag:blogger.com,1999:blog-9001121738545655196.post-81524335243639833712010-06-07T15:28:20.950+01:002010-06-07T15:28:20.950+01:00The question that interests me is what "real ...The question that interests me is what "real terms" means and how it is determined.Alberthttps://www.blogger.com/profile/12407051721186824991noreply@blogger.com