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Surprising statistic?
StevieJ
Posts: 20,174 Forumite
Mmmm interesting.
http://www.economicsuk.com/blog/001927.html#moreThe result, and this is a statistic that will surprise many, is that on OECD (Organisation for Economic Co-operation and Development) figures, Britain’s average take-home pay last year the third highest among advanced economies.
Only Switzerland and South Korea ranked higher, while Britain outstripped America, Germany, Sweden, Japan, France and 26 other countries. The comparison with America is particularly striking. Since the mid-1960s Britain’s real earnings index has doubled while America’s has not risen at all. Maybe Britain will now become more like other countries
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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Comments
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that stat looks a bit whiffy to me.
the UK higher than [say] norway, ireland, australia, etc?
i don't especially believe it.
probably a definitional quirk of some kind [e.g. using not-very-sensible exchange rate or "take home" assumptions]?FACT.0 -
I wonder why there is no link to the underlying data from the OECD?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »I wonder why there is no link to the underlying data from the OECD?
partly because the main article is behind the Times paywall.
also partly, i suspect, because it's b0ll0cks.FACT.0 -
actually, why didn't i notice south korea - their GDP per capita is way lower than ours, even after all their amazing growth over the last few years, with samsung & whatnot.
like i say, this is basically rubbish.FACT.0 -
OECD statistics are not easy to navigate.
Interestingly their data also suggests spending on healthcare fell in real terms.
Health spending in theUnited Kingdom grew in real terms by 5.7 % per year on average between 2000 and 2009. However, this came to an abrupt halt in 2010 as health spending dropped by 1.9%, in real terms,in 2010 with a further 0.4% fall in 2011.
http://www.oecd.org/unitedkingdom/Briefing-Note-UNITED-KINGDOM-2013.pdf
I was under the impression that spending was ring fenced with nominal real terms increases.
The same paper also shows that healthcare spending as a total in the UK (public and private) remains mid range and well below the public sector spending alone of the USA.
Another one also shows the long term employment rate ring prcontinually from 2004 20.4% of unemployed to 33.4% by 2011.
http://www.oecd-ilibrary.org/economics/country-statistical-profile-united-kingdom_20752288-table-gbr
"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
the_flying_pig wrote: »actually, why didn't i notice south korea - their GDP per capita is way lower than ours, even after all their amazing growth over the last few years, with samsung & whatnot.
like i say, this is basically rubbish.
It must have some cost of living factor in there if South Korea is high as it is cheap out there. Although that factor would be against us.0 -
grizzly1911 wrote: »OECD statistics are not easy to navigate.
Interestingly their data also suggests spending on healthcare fell in real terms.
Health spending in theUnited Kingdom grew in real terms by 5.7 % per year on average between 2000 and 2009. However, this came to an abrupt halt in 2010 as health spending dropped by 1.9%, in real terms,in 2010 with a further 0.4% fall in 2011.
http://www.oecd.org/unitedkingdom/Briefing-Note-UNITED-KINGDOM-2013.pdf
I was under the impression that spending was ring fenced with nominal real terms increases.
The same paper also shows that healthcare spending as a total in the UK (public and private) remains mid range and well below the public sector spending alone of the USA.
it is of course, possible to ring fence a budget in real terms but then underspend the actuality0 -
It's still the silly season, right? How could this be real! :rotfl:There is no honour to be had in not knowing a thing that can be known - Danny Baker0
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it is of course, possible to ring fence a budget in real terms but then underspend the actuality
You are indeed correct.
Makes the "promise" quite pointless if you don't intend to spend it, if you can get away with it.
I am sure those that suffer because of under staffing, particularly at weekends, or cut price drug allocation will be so happy they undershot the budget."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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