per
capita disposable income again includes babies, retired, etc and is not the same as
wages because not everyone works nor has the same fixed costs. A farmer that owns their own property from the govenment makes little but also spends little. An urban worker that makes high wages but must rent or pay mortgage makes more but spends more.
It is also meaningless because your original claim wasn't that UK had higher wages than China but that in China, higher portions of GDP is gone due to inefficiencies and extractive economics than UK.
I demonstrated that is false.
If all money in GDP went to wages, then UK should have $70k USD average wages per worker, but it only has $40k USD wages per worker. UK workers make -54% of what they're worth.
But in China, if all money in GDP went to workers, then Chinese workers should have $19k USD wages per worker. From KPMG numbers, wages in China are actually higher than this expected value.
But let's say that this isn't representative, that it's only young urban workers who took the KPMG survey. OK, let's look at some more real data.
which is equivalent to $14k per year. That means Chinese workers are paid -26% of what they're worth.
No matter how you spin it, the end result is the same: UK wage receiving workers make less money than what they're worth to a greater degree than Chinese workers. And that is why in the end,
British workers are objectively getting a shit deal.
