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>As someone who lives in the UK it's pretty depressing that we somehow seem to have succeeded in mismanaging ourselves into being a low-wage economy. Not sure
by Rinzler89 3y ago
>As someone who lives in the UK it's pretty depressing that we somehow seem to have succeeded in mismanaging ourselves into being a low-wage economy.
Not sure where you got this from but the UK is far away from a low-wage economy. I once met a British engineer in a bar here in Austria and he was handing over industrial automation activates for relocation of a auto assembly from the UK to Austria, citing the much lower wages in Austria compared to UK.
- seanhunter 3y agoI got that from TFA where it quotes people like Jamie Dimon saying that JPMC is one of the largest employers in Scotland now because wages are so much lower than they would be for comparable employees in the US.
- Rinzler89 3y agoWell, if you cherry-pick to compare UK only to US, then yeah it's lower wages, but the US is the global outlier here, not the UK. Almost any other country in the EU mainland(barring maybe Switzerland and Norway) is low wage compared to US. If you do a more realistic comparison, like UK to EU, wages are not low at all.
- dukeyukey 3y agoThe UK still pays well by European standards, it's the US being the outlier here.
- lonelyasacloud 3y agoUnsuitable plant in Oxford, German owners, and the ability to sell cars in Europe post Brexit with fewer hurdles and lower duty likely played a bigger role in that decision.
- Rinzler89 3y agoThat was pre-Brexit though. And the UK plant was JLR afaik, so Indian not German owned.