Sa
1.7K posts







































The UK is slowly becoming like Communist Cuba. Wage compression is a serious issue in the UK. For many decades, Cuba operated under a strictly egalitarian wage system where most government employees earned roughly the same amount regardless of their profession or performance. Full time minimum wage for a 40-hour week is now £26,400 a year. For comparison, a band 5 hospital nurse earns £32,073 and a newly qualified teacher earns £32,916. The effects of this wage compression is further exacerbated by punitive taxes imposed by the state, where anything earned after £50,270 is taxed at almost 50% when you take into account NI and Student Loan. You have a bizarre scenario where someone earning minimum wage in Carlisle or Aberdeen has similar levels of disposable income to someone earning a top 20% salary in London. We are starting to see the cracks of this broken system with NHS Doctors striking over pay. In real-terms their pay and standard of living has been decimated. I do wonder whether many are starting to question whether it's still worth becoming a professional in the UK, given how warped the incentive structures have become. I'll end this by leaving you with a rather telling image.


Linus Tech Tips shows off his new private jet









