4 ms·
I think one of the things that’s missing from these conversations is that whilst UK wages are far lower than the US, median wealth is actually way higher [1]. I
by noodlesUK 3y ago
I think one of the things that’s missing from these conversations is that whilst UK wages are far lower than the US, median wealth is actually way higher [1]. I would argue that this means that the UK is very much a country that is on a backslide, rather than a developing one. The other issue is that so much of our economy is limited to London. This would be less of a problem if we were a country like Greece where basically everyone lived in the major city, but the bulk of the population is spread throughout the rest of the UK. The UK has significant ongoing political issues that will take a long time to resolve, and it will take a long time for our relationship with the EU to return to some stable arrangement.
[1] https://en.m.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult https://en.m.wikipedia.org/wiki/List_of_countries_by_wealth_...
- shisisms 3y ago[dead]