1 of 11

#EqualPay50 series

Lesson 3: The impact of income inequality

2 of 11

Source: @humphreytalks (TikTok)

3 of 11

Percentage of all income going to top 1% (1930-2016)

​

Source: World Inequality Database

4 of 11

Income inequality in the UK

​

Source: The Equality Trust

5 of 11

6 of 11

The Guardian, 1 July 2020

NEU, 17 January 2019

7 of 11

The Guardian, 6 December 2017

8 of 11

9 of 11

The Guardian, 12 August 2020

The Guardian, 29 July 2020

The Guardian, 8 August 2020

10 of 11

Potential solutions to high levels of income inequality

​

  • Increasing income tax for the very richest, and redistributing the revenue to fund universal public services like healthcare, education, housing, pensions and social security
  • Increasing corporation tax
  • Limiting the amount a company can pay its highest paid staff (or mandating a ratio between highest and lowest paid staff, e.g. 1:10)
  • Increasing the minimum wage
  • Investment in training and education
  • Price caps on rent and utilities (e.g. water, gas, electricity)
  • Improving ease of access to social security

11 of 11

Time for feedback�bit.ly/33Y1xNZ