Spelling mistake, seems they wrote ‘despite’ instead of ‘due to’.
PositivelyAcademical on
The economy: Smashed.
The gangs: Turbocharged.
That’s what Keir promised, right?
cennep44 on
The article offers no evidence for the claim other than our GDP per capita has fallen slightly below Italy’s? Just low quality rage bait, boring.
FlyWayOrDaHighway on
THE TORIES WERE IN POWER FOR 14 YEARS THE FUCK DOES THIS HAVE TO DO WITH REEVES
For fuck’s sake I hate Labour right now too but who the actual fuck is naive enough to think the culmination of the last decade or more’s austerity is “despite Reeves’ efforts”
Green-Operation-9309 on
Rage bait. italy is barely first world. This is why they’re all trying to come here.
Chevalitron on
GDP per capita and living standards aren’t the same thing though, are they? Even assuming GDP did divide equally like that, it says nothing about how much the average person can buy with it where they are, or what their local infrastructure or job conditions are like. It isn’t the 60s when living standards could be measured by whether you could afford a fridge and a television.
GuyLookingForPorn on
Presenting GDP per capita as living standards is so economically illiterate its insane this got published by a mainstream news company. They didn’t even use Purchasing Power Parity.
BcDownes on
Using GDP (PPP) the measure that has Russia as the fourth largest economy… yawn
Nominally per capita the uk is ahead of italy by $14,000 and even then GDP per capita (nominal) is a stupid measure of “living standards”. Its the type of shit Americans try to use to say people living in North Carolina have better living standards than Australia or the Netherlands
Like they posted this data (not the specific article) this to /r/Europe and it got deleted for essentially being misleading lmao
The metric they’re trying to use in this comparison would also place Italy ahead of those well known hellholes Japan, New Zealand and South Korea.
AttitudeSimilar9347 on
This is a usage of “despite” I have not encountered before.
cosmic_monsters_inc on
Maybe because the cost of everything goes up but our incomes stay the same and their solution is more tax.
Jared_Usbourne on
Ah, so an ageing shrinking population is actually a **good** thing as it temporarily delivers higher GDP per capita
That’s a bold take…
NuggetKing9001 on
I mean I know they’re not knocking it out of the park, but I’m sure it takes a while to unfuck years of austerity.
big_cheese8642 on
Isn’t something like 50℅ and more of the population are on a salary between 24k and 35k? So the average person is just getting done over
ash_ninetyone on
GDP per capita is not an entirely reliable measure of living standards or income. It measures the size of the economy per person. It typically correlates to it, but not always. Gini Coefficient typically measures inequality.
The Human Development Index is a more reliable indicators of standard of living (not perfect, but better, because it takes into account education, healthcare, real world income). Our HDI ranks us higher than Spain, France and Italy.
Next_Replacement_566 on
Because there’s no consequences for the extremely rich who’ve sapped everything from the economy
Flat_Revolution5130 on
If by efforts you mean destroying the whole of the uk. Then yes we agree.
Elmarcoz on
Government: better raise tax and cut funding from the NHS lmao
poodleenthusiast28 on
I’m a very data driven person but right now, I don’t need statistics to know this. Just look at the schools and hospitals and the conditions public sector heroes are working under.
101m4n on
Funny how we weren’t being constantly bombarded us with stories about collapsing living standards when the tories were in charge…
20 commenti
Spelling mistake, seems they wrote ‘despite’ instead of ‘due to’.
The economy: Smashed.
The gangs: Turbocharged.
That’s what Keir promised, right?
The article offers no evidence for the claim other than our GDP per capita has fallen slightly below Italy’s? Just low quality rage bait, boring.
THE TORIES WERE IN POWER FOR 14 YEARS THE FUCK DOES THIS HAVE TO DO WITH REEVES
For fuck’s sake I hate Labour right now too but who the actual fuck is naive enough to think the culmination of the last decade or more’s austerity is “despite Reeves’ efforts”
Rage bait. italy is barely first world. This is why they’re all trying to come here.
GDP per capita and living standards aren’t the same thing though, are they? Even assuming GDP did divide equally like that, it says nothing about how much the average person can buy with it where they are, or what their local infrastructure or job conditions are like. It isn’t the 60s when living standards could be measured by whether you could afford a fridge and a television.
Presenting GDP per capita as living standards is so economically illiterate its insane this got published by a mainstream news company. They didn’t even use Purchasing Power Parity.
Using GDP (PPP) the measure that has Russia as the fourth largest economy… yawn
Nominally per capita the uk is ahead of italy by $14,000 and even then GDP per capita (nominal) is a stupid measure of “living standards”. Its the type of shit Americans try to use to say people living in North Carolina have better living standards than Australia or the Netherlands
Like they posted this data (not the specific article) this to /r/Europe and it got deleted for essentially being misleading lmao
https://www.reddit.com/r/europe/comments/1mmn6bj/in_2024_italys_gdp_per_capita_has_surpassed_the_uk/
The metric they’re trying to use in this comparison would also place Italy ahead of those well known hellholes Japan, New Zealand and South Korea.
This is a usage of “despite” I have not encountered before.
Maybe because the cost of everything goes up but our incomes stay the same and their solution is more tax.
Ah, so an ageing shrinking population is actually a **good** thing as it temporarily delivers higher GDP per capita
That’s a bold take…
I mean I know they’re not knocking it out of the park, but I’m sure it takes a while to unfuck years of austerity.
Isn’t something like 50℅ and more of the population are on a salary between 24k and 35k? So the average person is just getting done over
GDP per capita is not an entirely reliable measure of living standards or income. It measures the size of the economy per person. It typically correlates to it, but not always. Gini Coefficient typically measures inequality.
The Human Development Index is a more reliable indicators of standard of living (not perfect, but better, because it takes into account education, healthcare, real world income). Our HDI ranks us higher than Spain, France and Italy.
Because there’s no consequences for the extremely rich who’ve sapped everything from the economy
If by efforts you mean destroying the whole of the uk. Then yes we agree.
Government: better raise tax and cut funding from the NHS lmao
I’m a very data driven person but right now, I don’t need statistics to know this. Just look at the schools and hospitals and the conditions public sector heroes are working under.
Funny how we weren’t being constantly bombarded us with stories about collapsing living standards when the tories were in charge…