81–90 of 104 posts
The British Are Coming for Your White-Collar Job staff shortages in the U.S. You mean the white-collar jobs Americans can't find anyone to do?
That's a load of horse manure and you know it. They can easily find people. The problem is they don't want to pay.
I'm an American software dev that has been in London for ~11 years now after working in Silicon Valley for years. The lower dev salaries are definitely a thing here. But I personally don't see much evidence of US jobs coming here to get filled on the cheap. Certainly not from A-list/exciting companies any way. Maybe it's a growing trend, but it's not something that many people here are taking note of.
Earlier quoted context omitted.
Although she also massively increased the wealth of the working class by opening up more property ownership. UK wealth inequality is amongst the lowest in Europe.
You mean her political jiu jitsu of making council homes available for sale? Yes it created a new owner class that was enamoured with her, but the end consequence of it is probably the housing crisis/asset bubble that the UK has been living with for 15 years or so. Buying a council home did make a lot of new owners rich, but it's likely it harmed the long term prospects for the whole country. That was a lot of Thatch…
Until they ran out of cheap Russian gas.
Germany also has a high level of wealth inequality. Buying a home there is a luxury for the rich now. Yeah, rent protections and what not, but good luck to the average German affording rent and utilities in 30 year on a pension.
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Although she also massively increased the wealth of the working class by opening up more property ownership. UK wealth inequality is amongst the lowest in Europe.
One more data point: https://equalitytrust.org.uk/scale-economic-inequality-uk So the wealth gini coefficient is indeed lower I expected. The income gini coefficient however is among the highest in Europe, just as I expected. Is it possible you're cherry picking statistics?
[1] https://equalitytrust.org.uk/sites/default/files/images/hero...
Would you mind also looking a bit further please, like on the main European continent? Our wages here are even lower than in London/UK and we also speak good English. You can hire a developer here for what you'd pay a barista at your San-Fran HQ. Thanks!
https://cc.bingj.com/cache.aspx?d=3118053273395&w=mX8eXvPdcg...
Earlier quoted context omitted.
One more data point: https://equalitytrust.org.uk/scale-economic-inequality-uk So the wealth gini coefficient is indeed lower I expected. The income gini coefficient however is among the highest in Europe, just as I expected. Is it possible you're cherry picking statistics?
In the link you shared according to 2022 Gini wealth inequality[1] the UK is right in the middle, not too high, not too low. Who's the one cherry picking statistics? The highest wealth inequality according to that, is in Sweden. [1] https://equalitytrust.org.uk/sites/default/files/images/hero...
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. The 20% or so depreciation in the pound as a result of brexit, and the subsequent futher devaluation as a result of the chaos of Boris -> Liz Truss -> Rishi Sunak definitely played a part in making the UK relatively attractive for firms from the US say, but there are als…
Brexit isn't really a part of the story, regardless of what the punditry may wish. Look at GBP/USD long term to see: https://finance.yahoo.com/chart/GBPUSD%3DX?showOptin=1#eyJpb... The big shock was 2008. Then things were stable for a few years but starting in 2014 the value of the currency went into a long period of decline. Brexit in 2016 spooked a bunch of traders who were terrified of the readily apparent insanit…
The big story in first-world politics in the next 50 years is finding a way to stop the slippage in quality of life for the bottom 90%. No amount of 12% paper GDP growth, cheaper tech products, or dousing the economy in credit will paper over this problem forever. It might not even be about "liberalize the economy to restart growth"-- it could come from massive tax-and-spend projects (the UK has plenty of crumbling infrastructure to deal with) that actually get real salaries rising.
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Brexit isn't really a part of the story, regardless of what the punditry may wish. Look at GBP/USD long term to see: https://finance.yahoo.com/chart/GBPUSD%3DX?showOptin=1#eyJpb... The big shock was 2008. Then things were stable for a few years but starting in 2014 the value of the currency went into a long period of decline. Brexit in 2016 spooked a bunch of traders who were terrified of the readily apparent insanit…
Of course there's no appetite for that. Can't really imagine people looking at what's going on in Argentina and saying "Where do we sign up?" The big story in first-world politics in the next 50 years is finding a way to stop the slippage in quality of life for the bottom 90%. No amount of 12% paper GDP growth, cheaper tech products, or dousing the economy in credit will paper over this problem forever. It might not…
Crossrail, Thames Tideway and HS2 are all attempts at creating wealth through infrastructure spending. The link between these things and wealth is very weak. There's been no noticeable uplift from Crossrail, HS2 is semi-stalled and Heathrow Runway 3 has been stalled for decades, because the incredible costs can't really be justified even with very optimistic modeling.
The other issue is these are invariably funded by borrowing. Even the current levels of taxation aren't sufficient to pay day to day costs, so capital projects definitely can't be. So it just leads to a vicious cycle in which the infrastructure crumbles today thanks to the borrowing of yesterday consuming all the taxes.
