
Highlights From The Comments On British Economic Decline
Astral Codex Ten Podcast
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The Paradox of Rising GDP Per Capita
Lincoln Post argues that rising GDP is coming from more workers being employed. They attribute this pattern to a combination of Brexit because companies have less capital to invest in productivity improvements and austerity or welfare reform, which gets previously non-working people to work. In the 2000s, you could make ridiculous amounts of cash in finance if you worked hard. Now it's a pretty bad deal. Most other industries, you would be much better off in the US,. either as an employee or setting up your own company. For example, McKinsey associate in London earns £95,000, in New York earns $185,000 with bigger bonus. Hard to think of many successful UK companies that have been
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