Charts of the Day: Thatcher vs. Blair

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Here’s a fascinating little chart courtesy of Thomas Forth. It shows income inequality in the UK (on the vertical axis) vs. growth in disposable income (horizontal axis). Here it is for the poor:

In the go-go 80s under Thatcher, the poor made no progress at all. Under Blair, their disposable income increased from about £9,000 to £12,000. But what about the well-off? They probably did great under Thatcher and then got the shaft under Blair. Let’s look:

Under Thatcher, the well-off did indeed prosper. Incomes of the 95th percentile went up from £23,000 to £37,000. Under Blair they went up from £42,000 to £58,000.

So under Thatcher the poor got nothing and the well-off saw their incomes rise by about 60 percent. Under Blair, the poor did pretty well and the well-off saw their incomes rise by about 40 percent. Choose which country you’d rather live in.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

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As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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