The question is, will Brexit help or hurt with this? Will Britain be better off than the rest of Europe as a result of leaving the EU, and how long will withdrawal pains last?
Britain Is Poorer Than Any US State (2014)
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Re: Britain Is Poorer Than Any US State (2014)
#12So given this information as well as the UN report on US and the fact that the US is in poverty like conditions [1] I think it’s safe to say everyone is broke.
This post from reddit on /r/funny isn’t funny - it is the truth [2]
[1] https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?N... [2] https://www.reddit.com/r/funny/comments/9fq5e4/the_simpsons_...
Re: Britain Is Poorer Than Any US State (2014)
#13Most of Europe actually. I was reading a piece I believe CATO put out about this recently.
Ah yea, CATO. I’m sure they haven’t twisted the numbers to make Europe seem like a socialist hellhole and America the land of the free and the rich, despite half of America barely able to afford necessities and one accident away from complete bankruptcy.
Re: Britain Is Poorer Than Any US State (2014)
#14"In the US food is generally cheaper than it is in Europe, medical care generally more expensive."
I'm not sure when medical care is cheaper in the US. Within the VA system, maybe?
Also, the ranking does not stack up against wikipedia figures:
https://en.wikipedia.org/wiki/List_of_U.S._states_by_GDP_per... https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)... (Where PPP is already accounted for, so this guy is doing it twice).
UK would come in ~35th. Similar to Nevada or Michigan.
Re: Britain Is Poorer Than Any US State (2014)
#15This Wikipedia page may also be of interest. It has two lists: 1) median household income, and 2) median adult income.
https://en.wikipedia.org/wiki/Median_income#Gross_median_hou...
Re: Britain Is Poorer Than Any US State (2014)
#16GDP per capita per hour worked is a better metric to use when comparing countries. Most Western European countries have fewer hours worked per worker, but when they work have the same productivity. I'm not sure about the gini coefficient, but both of the numbers given seem low. The US's was over 0.42 from what I've read in other sources.
> GDP per capita per hour worked is a better metric to use when comparing countries.
Comparing what? Wealth? Efficiency? Happiness? Athleticism?
If you are comparing economic well-being, use GDP per capita. If you worked one hour today and $100 or eight hours and got $100, either way your richness/poorness is $100.
If you are comparing efficiency or something, do the per hour thing.
Re: Britain Is Poorer Than Any US State (2014)
#17The question is, will Brexit help or hurt with this? Will Britain be better off than the rest of Europe as a result of leaving the EU, and how long will withdrawal pains last?
Decades and they won’t be, unless they don’t want access to the EU market for their goods. Best case they have to follow all EU law and have no say in the matter.
Re: Britain Is Poorer Than Any US State (2014)
#18My economic knowledge is lacking, how good of a metrics is PPP?
Specifically this jab:
> showing that the bottom 10% in the US have the same incomes (yes, PPP adjusted) as the bottom 10% in either Sweden or Finland. > While the top 10% have very much larger incomes than the top 10% in either country. > All that redistribution hasn't made the Nordic poor richer than the American poor but it has made the rich poorer.
If PPP is a good metric, that would mean there are about the same percentage of people starving and lacking medical care in the US as in Nordic countries. That is incorrect if general media portrayal is correct.
Re: Britain Is Poorer Than Any US State (2014)
#19It sure doesn’t seem to be reflected in how people live. Is this just using the wrong measure for “poorer”?
Re: Britain Is Poorer Than Any US State (2014)
#20Off topic: What is this form of title when they add stuff like "Yes, Even Mississippi" which doesn't add any value? Is there a term for it?