Comment by verbify
3 hours ago
I spot checked some of this and from what I can find, the median salary in London is about $12k more than Mississippi, and the median house price in London is about $100k less than California.
Bear in mind that obviously the mean salary in London is going to be far higher than the median (the finance industry will skew it), while I'm not sure that's as extreme as Mississippi. Additionally median salaries reflect a lot of service jobs and similar labour. Dubai has a lower median wage than either London or Mississippi, but people don't think of it as economically broken.
Comparing California (an extremely large state that I presume has cheaper housing outside major urban areas) to a city seems a bit of a poor comparison.
I don't disagree that the UK has high energy costs.
If you’re trying to do a rebuttal, saying that wages are slightly higher than Mississippi and house prices are slightly lower than Cali doesn’t refute anything, it just serves to make the example more extreme and concrete. Look at house prices in Mississippi in relation to their income and then compare the same ratio for Cali and for London.
Also, taxes?
Dubai is absolutely economically broken lol. The city was built on cheap foreign slave labor. And the luxurious amenities of the city are only for the wealthy royal and foreigners. Their main export besides oil is the illusion of a thriving metropolis
If this was meant to be a rebuttal, it wasn’t.
Compare the housing costs of London to the housing costs of San Francisco and then swap out those Bay Area salaries with your “slightly above Mississippi” wages and you’ll see why London looks so broken to people used to LA/SF/NY.