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The British Are Coming for Your White-Collar Job

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Re: The British Are Coming for Your White-Collar Job

#101

Post by kranke155 »

dukeyukey wrote: post #78
kranke155 wrote: post #74

Earlier quoted context omitted.

Unfortunately I can't read this paper, but it seems to have the opposite conclusion that you have. https://www.sciencedirect.com/science/article/abs/pii/S01436... "This paper concentrates on the 1% richest households in the UK in a comparison with the other four large Western European countries: Germany, France, Italy and Spain. In the European context the UK is an outlier of extreme inequality. " "The UK sits half w…

The quite literal title of that paper is "Income inequality in the UK". I said "wealth inequality". They are different things.

I think focusing on the one indicator that props up a certain POV can be deceiving.

Re: The British Are Coming for Your White-Collar Job

#102

Post by dukeyukey »

kranke155 wrote: post #95
Rinzler89 wrote: post #83

Earlier quoted context omitted.

>In Germany industry was never destroyed for the sake of the service sector. 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.

The fact that you think Germany is anywhere near as deindustrialised as the UK, because of the increasing cost of energy, is a bit funny to me. The UK was brutally deindustrialised. The UK manufacturing output is 8.69% of GDP. https://www.macrotrends.net/global-metrics/countries/GBR/uni... German manufacturing output is 18% of GDP in 2022. That's over twice the UK. https://data.worldbank.org/indicator/NV.IND.MANF.ZS?…

Worth seeing that the UK figure is comparable to the France, the US, Canada, and way higher than Australia. Germany is the outlier here.

Re: The British Are Coming for Your White-Collar Job

#103

Post by kranke155 »

dukeyukey wrote: post #102
kranke155 wrote: post #95

Earlier quoted context omitted.

The fact that you think Germany is anywhere near as deindustrialised as the UK, because of the increasing cost of energy, is a bit funny to me. The UK was brutally deindustrialised. The UK manufacturing output is 8.69% of GDP. https://www.macrotrends.net/global-metrics/countries/GBR/uni... German manufacturing output is 18% of GDP in 2022. That's over twice the UK. https://data.worldbank.org/indicator/NV.IND.MANF.ZS?…

Worth seeing that the UK figure is comparable to the France, the US, Canada, and way higher than Australia. Germany is the outlier here.

Absolutely Germany is the outlier. That's reason I mentioned it. From visiting and talking to people, it's one of the healthiest economies I've ever seen.

Re: The British Are Coming for Your White-Collar Job

#104

Post by ben_w »

dukeyukey wrote: post #52
schnitzelstoat wrote: post #25

Earlier quoted context omitted.

In 2007 it was decent. I feel like we got hit hard by the 2008 crisis and never really recovered. Not just the UK either but most of Europe too. Back then the USA felt a little bit wealthier, now it feels light-years ahead.

Worth remembering it's quite natural for the US to be wealthier. It has the resources of a continent, functionally infinite land, massive energy resources, the thousands of miles and an ocean away from any threats. Like, of course a country like that is gonna be rich.

If it's natural for those specific reasons…

Why didn't Russia get rich after the fall of the USSR made them no longer (at the time) the natural enemies of everyone around them?

And why is the EU (a union if not a nation) still chasing the US on GDP/capita?

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