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Alternative News – UK’s Wealth Gap Continues To Grow

wealth gap increases

The super-rich – the top 1% of earners – now pocket 10p in every pound of income paid in Britain, while the poorest half of the population take home only 18p of every pound between them, according to a report published this week by the Resolution Foundation thinktank, which reveals the widening gap between those at the very top and the rest of society. – daily alternative news

Inequality has grown sharply over the past 15 years, according to Resolution’s analysis: the top 1% of earners have seen their slice of the pie increase from 7% in the mid-1990s to 10% today, while the bottom half have seen their share drop from 19% to 18%.

There was a dip in top earnings between 2009-10 and 2010-2011, but Resolution’s analysis suggests that may have been because highest-paid employees brought forward earnings to avoid the 50p top tax rate on earnings above £150,000, which Chancellor George Osborne has cut to 45p from this April.

Matthew Whittaker, senior economist at the thinktank, said: “If we take the longer view, we see the very wealthiest have continued to prosper while many others have not.

“The growing gap in incomes is pronounced when you look at the top 10th of households, and overwhelming when you consider the position of the top 1%. The rest of society hasn’t kept up. It’s the squeezed majority, not just the squeezed middle.”

Resolution’s calculations do not include the impact of benefits and tax credits, which top up the incomes of the lowest earners, yet show the polarisation in the UK’s flexible labour market between top earners’ soaraway salaries and stagnant wages for those at the bottom of the pile.

The Organisation for Economic Co-operation and Development used its annual health check of the UK economy to warn of the dangers of increasing inequality, saying: “Labour market conditions are widening the income gap between full-time employees and an increasing share of the workforce on part-time, insecure and low-wage jobs. This comes in a context where income inequality was already high and rising before the recession.”

Tackling the gap between rich and poor is a growing political issue. The Labour leader, Ed Miliband, has called for a policy of “pre-distribution” to try to narrow the gap between the best and worst paid, while politicians from across the spectrum, including the mayor of London, Boris Johnson, have praised the idea of employers promising to pay the Living Wage, currently £8.55 an hour in London, and £7.45 elsewhere. The deputy prime minister, Nick Clegg, last week revived the idea of a “mansion tax” on homes worth more than £2m, or higher council tax bills for the costliest properties.

In its report, Squeezed Britain 2013, the Resolution Foundation will focus on the fortunes of middle-earners, many of whom have seen their real incomes stagnate over the past decade in the face of high inflation and weak bargaining power in the workplace.

 

dailyalternative | alternative news – UK’s Wealth Gap Continues To Grow

via UK’s Wealth Gap Continues To Grow – Business Insider.

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Microsoft Admits Windows 10 Automatic Spying Cannot Be Stopped

Last week changes to the Windows 10 upgrade path mean it is going to become increasingly difficult for any non-techy users to avoid being pushed to Microsoft MSFT +0.00%’s new operating system. But given Windows 10 is better than Windows 7 and Windows 8, why would that be a problem? Because of policies like this…

Speaking to PC World, Microsoft Corporate Vice President Joe Belfiore explained that Windows 10 is constantly tracking how it operates and how you are using it and sending that information back to Microsoft by default. More importantly he also confirmed that, despite offering some options to turn elements of tracking off, core data collection simply cannot be stopped:

“In the cases where we’ve not provided options, we feel that those things have to do with the health of the system,” he said. “In the case of knowing that our system that we’ve created is crashing, or is having serious performance problems, we view that as so helpful to the ecosystem and so not an issue of personal privacy, that today we collect that data so that we make that experience better for everyone.”

This backs up detailed data that some had chosen to dismiss as conspiracy theories.

Windows 10 has great potential, but aggressive update and user tracking policies. Image credit: Microsoft

Still, whether or not you agree with Belfiore’s standpoint that this doesn’t invade user privacy, it does seem strange that it has taken Microsoft so long to come clean and admit core Windows 10 background data collection processes cannot be stopped. Instead it gave the impression that turning off all user accessible spying options in Windows 10 settings would provide owners with full privacy – that’s tantamount to spying.

To his credit, Belfiore does recognise the controversial nature of this decision and stresses that:

“We’re going to continue to listen to what the broad public says about these decisions, and ultimately our goal is to balance the right thing happening for the most people – really, for everyone – with complexity that comes with putting in a whole lot of control.”

Interestingly Belfiore himself won’t be around to oversee this as he is about to take a year long sabbatical. When he comes back, however, I suspect this issue will still be raging as Windows and Devices Group head Terry Myerson recently confirmed Windows 10 Enterprise users will be able to disable every single aspect of Microsoft data collection.

This comes in combination with Windows 10 Pro and Enterprise users’ ability to permanently disable automatic updates which are forced upon consumers and shows the growing divide between how Microsoft is treating consumers versus corporations.

So how concerned should users be about Windows 10’s default data collection policies? I would say very.

By default Windows 10 Home is allowed to control your bandwidth usage, install any software it wants whenever it wants (without providing detailed information on what these updates do), display ads in the Start Menu (currently it has been limited to app advertisements), send your hardware details and any changes you make to Microsoft and even log your browser history and keystrokes which the Windows End User Licence Agreement (EULA) states you allow Microsoft to use for analysis.

The good news: even if Belfiore states you cannot switch off everything, editing your privacy settings will disable the worst of these. To find them open the Start menu > Settings > Privacy.

 

daily alternative | alternative news – Microsoft Admits Windows 10 Automatic Spying Cannot Be Stopped

via Microsoft Admits Windows 10 Automatic Spying Cannot Be Stopped 

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