Posted by Jake on Saturday, March 01, 2014 with 3 comments | Labels: Article, Austerity, Big Society, Graphs, inequality, pay
In 2013 the average (median) weekly wage in London was £658 per week. 43% higher than Northern Ireland, where the average weekly wage is the lowest at £460 per week. Not particularly surprising, with London being the heart of the finance, legal, and political professions.
However these weekly wage figures tell only half a story. A cartogram by the Office of National Statistics grotesquely illustrates what a combination of high working population (including commuters travelling in from other regions) and high pay produces.
The cartogram below illustrates how much is paid in a particular region, by taking the average wage and multiplying it by the number of full time jobs. No regions are more bloated than the City of London and Westminster, the centre of finance, law, and politics.
Britons are ripped-off by poor regulation and inequality. With lawmakers, regulators, and the regulated all supping from adjacent tables London is less a beating heart than an engorged stomach.
We provide a snapshot of this map above, taken in March 2014, in case the ONS decides to cease presenting it. We also, below, give you the actual interactive ONS map itself, direct from the Office of National Statistics: