Poverty in the US versus poverty in the UK

Good morning!

The BBC just announced that the real living wage is going up to £9.50 an hour:

https://www.bbc.co.uk/news/business-54867444

Yesterday evening, I spotted a tweet expressing concern for the fact that nearly half of Americans earn less than $15 an hour.

If you put “almost half less than 15 dollars” into Twitter’s search, you’ll see plenty of such tweets pop up.

The dollar has slipped a bit but the GBP/USD exchange rate (called “cable”) is still only at 1.1316.

The real living wage is what conscientious companies in the UK sign up for. It is not the government’s minimum wage, which is now called the National Living Wage. That’s lower.

In Florida, where life is much cheaper than in the UK, people just voted to increase their state’s minimum wage to $15 per hour by 2026.

Yeah, horrible people, those Americans. They are worried about people who earn higher wages than what many in the UK consider outrageously high.

 

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