Gross value added per worker by country and area in Europe(substackcdn.com)
substackcdn.com
Gross value added per worker by country and area in Europe
https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6974049f-7543-41a2-ae38-8a2347c99799_1240x1052.png
8 comments
[deleted]
...and how many of those workers are making less than $50,000?
I think the UK actually managed Covid rather well compared to many European countries but anyway...
Lagging productivity in the UK is linked to immigration, which considering the high numbers might be suspected of being a conspiracy. High influx of labour keeps wages down and extremely down at the lower end and removes incentives to increase productivity.
One example is car valeting. In the UK manual valeting by a bunch of people is common (think Marty McFly when he arrives in 1955...). These are extremely low paid, low productivity jobs that only exist because of this continuous high influx of unskilled labour willing to take them.
Over the past year I believe net immigration has been about 700k (an absolute record) while GDP has remained roughly flat. This means that per capita the UK has become poorer, and that productivity has gone down.
Lagging productivity in the UK is linked to immigration, which considering the high numbers might be suspected of being a conspiracy. High influx of labour keeps wages down and extremely down at the lower end and removes incentives to increase productivity.
One example is car valeting. In the UK manual valeting by a bunch of people is common (think Marty McFly when he arrives in 1955...). These are extremely low paid, low productivity jobs that only exist because of this continuous high influx of unskilled labour willing to take them.
Over the past year I believe net immigration has been about 700k (an absolute record) while GDP has remained roughly flat. This means that per capita the UK has become poorer, and that productivity has gone down.
You really didn't notice the chart is dated 2018 when you went into your "England COVID debacle good. Immigration bad." take, did you?
The article starts with an uncalled for criticism of the Covid response. The UK's response wasn't great but in context and relatively to others it wasn't bad, either. So this was a political attack.
High immigration, and the productivity problem, didn't start last year. I just highlighted the latest data.
Now, if you have factual and interesting things to share, please do, but let's keep basic, unsubstantive attacks out of it.
High immigration, and the productivity problem, didn't start last year. I just highlighted the latest data.
Now, if you have factual and interesting things to share, please do, but let's keep basic, unsubstantive attacks out of it.
Yes it did. But the rise and fall of the former "sick man of Europe" has many reasons: https://en.wikipedia.org/wiki/File:UK_Oil_Production.png