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Of course it's relevant. Despite the rise in incomes most of those who used to be regular attenders at football matches struggle to afford it nowadays because other people are able to fork out more. Despite the rise in incomes most single income households can forget about buying a house because they are less well off relative to other households than they used to be.

And although incomes have risen income security has not; people are in fear of losing their jobs and are less able to plan their futures.

The statistics about income growth are not wrong, but they are limited in what they can tell us, which is a big part of why the UN and others are trying to develop quality-of-life indexes instead.

And talk of markets without 'interference' finding their 'natural' level sounds easy to understand until you start trying to define what you mean. There's no such thing in real life as a market without interference, but that's a subject for another day.

<blockquote data-quote="Grey" data-source="post: 2518805" data-attributes="member: 65112">Of course it&#039;s relevant. Despite the rise in incomes most of those who used to be regular attenders at football matches struggle to afford it nowadays because other people are able to fork out more. Despite the rise in incomes most single income households can forget about buying a house because they are less well off relative to other households than they used to be. And although incomes have risen income security has not; people are in fear of losing their jobs and are less able to plan their futures. The statistics about income growth are not wrong, but they are limited in what they can tell us, which is a big part of why the UN and others are trying to develop quality-of-life indexes instead.And talk of markets without &#039;interference&#039; finding their &#039;natural&#039; level sounds easy to understand until you start trying to define what you mean. There&#039;s no such thing in real life as a market without interference, but that&#039;s a subject for another day.</blockquote>

[QUOTE="Grey, post: 2518805, member: 65112"] Of course it's relevant. Despite the rise in incomes most of those who used to be regular attenders at football matches struggle to afford it nowadays because other people are able to fork out more. Despite the rise in incomes most single income households can forget about buying a house because they are less well off relative to other households than they used to be. And although incomes have risen income security has not; people are in fear of losing their jobs and are less able to plan their futures. The statistics about income growth are not wrong, but they are limited in what they can tell us, which is a big part of why the UN and others are trying to develop quality-of-life indexes instead. And talk of markets without 'interference' finding their 'natural' level sounds easy to understand until you start trying to define what you mean. There's no such thing in real life as a market without interference, but that's a subject for another day. [/QUOTE]

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