Thatcher was the wrecking ball destroying the wealth of communities which once had proud mines, steel, car and ship building industries. In the period she was in power, the proportion of people with incomes below 60% of the median income grew from 13.4% in 1979 to 22.2% in 1990. Unemployment reached 12%, and the top 20% of Britons had their share of wealth grow from 35% in 1979 to 43% in 1990-91. Are these things to be proud of? Sadly, signs of this brand of Thatcherism are already at play Down Under. Sacked Adelaide and Geelong plant workers will soon be applying for jobs that don’t exist (there’s an 800,000 gap between unemployed Australians and job advertisements; adding more low skilled workers to the dole queues will not help). Most of these workers left school at 16 and have had little opportunity to up-skill in order to enter a growth industry, and most have the added barrier of functional illiteracy. ..
Posted on: Fri, 07 Mar 2014 05:21:24 +0000
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