Y'all *still* don't believe me, huh? Here's my longer form explanation over on LinkedIn: - ThreadSky

kientan74.bsky.social • 4 days ago

Y'all *still* don't believe me, huh?

Here's my longer form explanation over on LinkedIn:

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Ok, but let's look at the data a bit, say Education Dec 23-24
Aggregate pay up 4.6% BUT
Mean pay up 3.2% AND
Median pay up...all of...0.9%

So: Most Educational worker are reasonable to be unhappy. Why is Aggregate pay up so much but the Median has hardly budged? Does this work for other ind'ys?

haptcjim.bsky.social•4 days ago

Your LinkedIn post is riddled with unsourced assertions. And the Asda source you do cite claims this year that 60% of consumers have lost disposable income, and the lowest 20% are having to spend £70 more than they earn. Your work doesn't appear to address this, focusing on broad averages.

thebuell.bsky.social•4 days ago

Bullshit

intweed.bsky.social•4 days ago

Or, we keep pointing out the weaknesses in your argument and you keep ignoring them. This is a you problem, bud.

blindtubemares.bsky.social•4 days ago

roymotteram.bsky.social•4 days ago

I suspect the problem with accepting your analysis is that it takes no account of growing wealth disparity. If a greater proportion of your wage is spent on energy & food, you will see far greater than the average inflation. Since energy & food are both imperatives, what's left is what people see.

haptcjim.bsky.social•4 days ago

The sources in his LinkedIn post are more inclusive of wealth disparity than his analysis. The Asda index he cites specifically mentions that the lowest earners are suffering more and losing out the most, with one fifth of lowest earners now underwater on expenses. Ignores this to focus on averages.

andytreadwell.bsky.social•4 days ago

(33+26)/2 doesn't equal 31 though and I can't think of a job type that isn't either private or public sector.

richardbowes.bsky.social•4 days ago

You're averaging averages which doesn't work.

The private sector is larger than the public sector so the 33% has a bigger weighting than the 26%

edwar.bsky.social•4 days ago

It'll be weighted towards private because more people work in that sector.

joeykins82.bsky.social•4 days ago

Now break that down by income decile and factor in rent. We'll wait.

It's this kind of "well, per-capita GDP says that things are great" analysis which plays in to the hands of the far-right.

Everyone I know renting privately in this country is in a worse position year on year.

kientan74.bsky.social•4 days ago

Per the CEBR, discretionary income after rent, food and other essentials grew for 80% of the population in the year to January 2025

jontia.bsky.social•4 days ago

Majority of gains seen by those most well off is not the 'everybody is winning' story you seem to be shooting for.

joeykins82.bsky.social•4 days ago

So the FIFTH of the population of the country who were already in the worst position are £69 PER WEEK WORSE OFF?

This is not a good news story: this is a catastrophe.

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