3 ms·

Like... the UK? Not exactly the first place that comes to mind for "cheap labor".

• ben_w 4y ago
  Perhaps it should. The UK has both low unemployment and also a cost-of-living crisis, which implies (to me, I'm not an economist) that labour is underpaid locally compared to other economic inputs.
  • rjh29 4y ago
    It also has a relatively high minimum wage (compared to the US) and high employment tax and lots of pro-employee regulations. Hiring people is very expensive for employers here, even if _average_ salaries are low. The cost of living is not just related to salary but also energy being 3x more expensive than usual, house prices, food prices going up 30%, Brexit, etc.
  • iso1210 4y ago
    Either that or due to political restrictions preventing more housing being built, land is overvalued. Any increase in wages is taken by landlords who increase the rent. The competition for a house isn't the next door house, it's not living in the city at all.