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That explains it.  The UK median is pitiful.  

When I got transferred to the UK in 1990, my wife gave up a job making about $75K a year with great bennies.  What she got on the other side of the ocean was about L30K which spent like $30K regardless of the exchange rate.  She was really pissed until I pointed out that based on an article in the Evening Standard that the 90th percentile on wages was just L25K....

She had secretaries making about L13K that had to choose between food and heat in the winter.  I have to say I was shocked at the incredible spread between the top 5% and the rest of the population.  I had a great job making stupid money and got to see the inside of some of the big money events.  unreal differences.

by HiD on Sat Jul 16th, 2005 at 10:46:53 PM EST
[ Parent ]
When I look at what I would earn if I did my current job (which, while not paid extravagant sums like in capital markets, does rate a decent investment banker salary) in London instead of Paris (which would be pretty easy for me), I rapidly come to 2 conclusions:

  • it's impossible to have a better standard of living, including housing and schooling, in London than in Paris, for an equivalent salary (and remember that this activity is supposed to be London's core business);

  • I can only wonder how people without a banking job cope in London. (I think they don't - the only people I see working in London, in restaurants, hotels and other service activities, are young foreigners).


In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sun Jul 17th, 2005 at 07:58:08 AM EST
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