| ▲ | loeg 3 hours ago |
| This is like 90th percentile UK salary. It's good pay for the UK, a poor country. |
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| ▲ | gbro3n 2 hours ago | parent | next [-] |
| The UK is still the 5th biggest economy in the world. Public infrastructure feels like it's under huge strain however, and there is also a big problem with inequality, which seems to be changing under Labour, albeit slowly. |
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| ▲ | somenameforme 2 hours ago | parent | next [-] | | Raw economy size can be misleading in two ways. The value of a dollar is much less or much more depending on where you're at. So an economy of 10 shekels might mean an economy of 100 widgets, or it might mean an economy of 1 widget. Purchasing power parity (PPP) attempts to account for that. The second is that economies are largely a product of population. An economy of a million making a million shekels is quite a bit different than an economy of 10 making a million shekels, so you also want to look at per capita values. Even both of these adjustments combined [1] can be extremely misleading (see: Ireland and many other places...), but they provide at least a less unreasonable basis for comparison than nominal dollars. And the UK is currently 30th there. [1] - https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)... | |
| ▲ | kristianc an hour ago | parent | prev [-] | | Inquality has barely moved per Gini in the last thirty years, and GDP is very misleading. https://ifs.org.uk/data-items/gini-coefficient |
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| ▲ | geysersam 2 hours ago | parent | prev [-] |
| Let's not be delusional. The UK is not a poor country, and 64K is low by US tech standards but it's good by any other measure. |
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| ▲ | kristianc an hour ago | parent | next [-] | | If the UK were a US state, its GDP per capita would rank it roughly on par with or just below Mississippi, making it the poorest state in the union. | | |
| ▲ | aEJ04Izw5HYm an hour ago | parent [-] | | While true from a per capita equivalency and too close for comfort, the median net worth of an adult in the UK is roughly $150,000, while in Mississippi it's $15,000. Also, its public services are provided, which substantially affects the quality of life. |
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| ▲ | loeg an hour ago | parent | prev | next [-] | | The UK is poor and sprinting as fast as it can towards being poorer. | |
| ▲ | bpodgursky 2 hours ago | parent | prev [-] | | It's not a "good" wage in the US. It's exactly median. Which is fine, someone has to be median, but really underwhelming for the (presumably highly-educated and talented) head of the #1 national historical monument. | | |
| ▲ | mrwh 2 hours ago | parent [-] | | It's £64K, not $64K (which is indeed about the median in the US). So, not bad. | | |
| ▲ | bpodgursky 2 hours ago | parent [-] | | Ah I misread that, but $86k is still not good for a highly educated professional. | | |
| ▲ | oaiey an hour ago | parent [-] | | It is good for a professional with specialization in history. |
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