tst123Aug 20, 2023

TIL That Britain Is Poorer Than Any US State, Even Mississippi

https://lemmy.world/post/3478375

TIL That Britain Is Poorer Than Any US State, Even Mississippi - Lemmy.world

Show thread1bluepixelAug 20, 2023

The author takes PPP (Purchase Power Parity) per capita of the UK as a whole versus individual U.S. states. So what does it mean that Mississippi on average has a higher PPP than the UK? Two things:

  • The UK gets dragged down by it’s poorer regions; and
  • The U.S. has enough ultra-rich people to drag its PPP up despite a large swathe of its population being poor.

    • Another way to look at it is, if wealth distribution was fair in the U.S., even people in Mississippi would be better off than the average Brit.

    Show threadTeppic
    Yep, there is a good reason the median average is usually used when looking at incomes.
    Aug 20, 2023 at 7:09amWeb