How Social Mobility Got Stuck
May 28, 2013 1:27 PM Subscribe
"Britain's poor were absolutely and relatively better off until Thatcher was elected in 1979. Since then, the bottom half of society is worse off than it was in 1983." "In 1945, when Thatcher turned 20, the richest 0.01 per cent people in Britain received 123 times the mean national average income. By the time she turned 40 in 1965 that had halved to 62 times, and the year before she came to power, in 1978, it was at its minimum: just 28 times the average income."
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