Chris Dillow
speaker
76 appearances
2 recordings
1 series
first heard Sep 2014
last heard Sep 2014
Chris Dillow’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
You mentioned the southern states to the typical Englishman.
He pictures deliverance and men playing banjos, and he's got all these images of quite a poor country.
But in fact, that's a very outdated image, and the southern states have grown very strongly over the last 40, 50 years.
UK GDP last year was £1.6 trillion.
If you divide that between 64 million of us,
you've got GDP per head of just over £25,000.
The exchange rate last year was 1.57, so that gives us GDP per head in dollars of just over £39,000.
In the US, you've got GDP per head of just over $53,000.
So it looks as if
the United States are $14,000 per person richer than us.
What I decided to do then was to forget that calculation and look at wages.
We know from the UK that the median full-time male worker gets £556 per week.
Now, the typical American worker, this is a man, gets $860 per week.
If you convert that at an exchange rate of about $157, they're very close.
There's something else, which is that a lot of prices in America are a lot, lot lower than in the UK.
And this means that in terms of what your money buys, you're much better off in America.
So what I thought I'd do was I'd have a look at the prices of actual goods in the shops.
Take a dozen eggs.
These cost just over £3 in the UK, but they cost only $1.95 in the US.
Yes.
Showing 1–20 of 76 · page 1 of 4
Next →