Beer and Inequality

Aside from the obvious – a pint of beer costs a poor person a greater percentage of their income than a rich person – maybe inequality is causing a visit to the pub to become more expensive?

See this headline from a few days ago:

Price of a pint of of beer in London surging towards £14 as inflation rises, according to analysis

For comparison, Australia also has pints and they cost around $12-$14 in inner-city bars. That’s £7 – £8. Or in USD that the Londoners are paying $16.50.

One of the reasons why the UK is the runner-up in western inequality is land. The rich have been around longer, and over time they have grabbed more and more land, and the UK doesn’t have that much of it. Any Brit can tell you how much property prices have risen in London.

Inequality means that the rich all try to own land (to store their wealth) and that pushes prices up. Expensive property means expensive rent. Which a significant cost factor for a pub in the London CBD. Which makes the experience of drinking in a bar harder to achieve for the average person.

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