Thursday, November 25, 2010

Equally Poor

A year ago, commenting on the CSO's Survey on Income and Living Conditions (SILC) 2008 report and looking ahead to SILC 2009, I predicted that:
We've had deepening deflation since the start of this year, coupled with falling nominal wages and salaries for many. So don't be surprised to see less 'poverty', a lot more equality and an even narrower income differential between the employed and unemployed (and also between the employed and the retired: a ratio of 77% in the case of the latter in 2008).
Well, here we are a year later and the SILC 2009 report has been published. And the main findings are that:

Inequality has declined further in Ireland:

The poverty rate has declined further:

The income differential did not narrow further for the unemployed, but it did for pensioners (now at 82% of those in employment on an equivalent basis):

So there you are: less inequality, less poverty and narrower income differentials for pensioners. All thanks to the recession. But that's what happens when you insist on defining poverty in relative terms: for when the 'relatives' lose their jobs (and their wealth) then we all move a little closer to the Left's dream of equality. Equal poverty, that is.

Something tells me that we'll be moving at an even faster pace over the next few years...

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...