3 ms·
What you're saying is basically true: if you're a skilled professional, you'll do much better in the US, than you would do in the UK. US society has even more
by lhnz 4y ago
What you're saying is basically true: if you're a skilled professional, you'll do much better in the US, than you would do in the UK.
US society has even more inequality than the UK. In fact, as a Brit, it was really strange to hear that President Biden disagreed with the UK's tax cuts for the wealthy -- doesn't he realise that the US taxes its rich significantly less than we do? It seemed absurd to me but I felt that he probably realises that it's in America's interest to continue to attract highly skilled workers by taxing them less, and would prefer if the US continues to have a monopoly on this advantage.
The average salary in London is higher than £38k, but it's definitely not high enough to buy a property here. You likely need to be making upwards of £150k to buy a house. That is quite possible at a hedge fund, HFT or prop trading firm, but I don't know any other jobs that pay well enough for home ownership in London. Of course, if you have dual incomes and are happy to get a heavily mortgaged flat and live on the outskirts of London then you have more options..