I'd expect anything dominated by skilled labor cost to be about twice as expensive in the US than in the UK... I mean, I don't know if doctor pay scales like SWE pay, but as far as I can tell, London pays software engineer types half of the US national average (which is rather less than what silicon valley pays.)
(of course, I think we'd be better off in the states if we expanded medicare to everyone, giving everyone a baseline level of insurance... but I'd also expect it to be more expensive here than in the UK, just 'cause the payscales here are... pretty different.)
So basically the glorious NHS is possible because doctors aren’t paid a living wage? I seriously doubt one can afford to buy a house with that kind of income.
A SWE in London makes like the equivalent of like USD$65K or something. I think that wages are just much lower across the board for skilled labor once you leave the major cities in the USA.
(I'm curious how this shakes out on the low end, and if it's just that in the USA, skilled labor captures more of the total labor compensation than in the UK, 'cause I didn't think our per-capita gdp was that far off. In silicon valley, unskilled labor pays around USD$15/hr. the rest of the country it's closer to USD$8/hr. There are a lot of people who try to live on that. What would the equivalent be in London?)
And taxes are much higher, too, and goods are significantly more expensive as well.
We’re talking about skilled, professional labor specifically, and boy, professionals are getting screwed over there. Here in the US you can afford a decent lifestyle on a doctor or SWE salary even if your spouse doesn’t work. I don’t know what folks in eg London do. Shit’s crazy expensive in London.
But how are things different for the poor? The per capita gdp isn't as different as the salaries for skilled labor, so I wonder if the poor make more over there or if there is something I am missing.
Huh. In San Francisco, USD$30K/year puts you above the 20th percentile, below the 40th percentile for a household - I mean, I guess, sure, that seems poor but it's not uncommon. two people making USD$30K/yr would be getting close to the median.
(median household income in SF is USD$75K/yr. I don't see how you could live in SF on that money without serious rent control or owning your place, but fact is it's the median household income. Come to think of it, I know a fair number of people in that situation; making under $75K/yr and living in a rent-controlled place.)
Interestingly, median household income in london, as far as I can tell, is GBP40.000 which is like USD$55K - which isn't nearly as large a difference as I see in, say, SWE wages.
That feels like a worse situation: you pay for it all your adult life, but you have to pay again when you need it.