Comment by 9JollyOtter
1 day ago
It is going to exist pretty much anywhere. Wealth is going to be concentrated in some areas and not others. So comparing the Median income of the entire country is not representative of the whole.
e.g. Jobs in London (even remote ones) will pay twice as much as jobs in the North West of England.
I do agree that boiling it down to a single comparison is always gonna be reductive, but the median is IMO still the best you can do here, because it ignores outliers completely (on both sides).
From what I can tell the prosperity gap is also large enough that small errors don't really matter; I already looked at urban china vs average UK (systematically favoring China) and the numbers are still not close (something like $30k vs >$40k even after PP adjustment).
> but the median is IMO still the best you can do here, because it ignores outliers completely (on both sides).
Using the Median as far as I am concerned is meaningless as the South/South-East skews everything. It is quite obvious as you drive across the country. You can see it with your own eyes.
I don't really care that much about the comparison with China.