Yug wrote: ↑Sat Dec 10, 2022 10:15 am
The UN classification isn't just based on average wages, It takes into account the way the wealth is distributed, public service provision and overall quality of life for the majority of inhabitants . By their reckoning, the USA is sliding rapidly towards "poor country with rich people in it", and the UK isn't far behind. There might be a lot of money in these countries, but the majority of the population have little or no access to it.
Median wages do take into account distribution though. They're the middle ranking wage if you list them highest to lowest, or vice versa.
But I actually prefer household medians, as here.
https://fred.stlouisfed.org/release/tab ... 15&rid=249
The poorest state, Mississippi, in 2021 was about $46,000 dollars. That's not all that much, but bear in mind it buy a fair bit more there than it would here. But obviously there are lots of households in Mississippi way below that, and if Mississippi were a country, it would be difficult to imagine it being able to afford to solve its social problems. So states like Mississippi, basically the rest of the deep South plus West Virginia could be seen as poor places with some richer people in it.
But I don't think it makes much sense to say that's true of the US as a whole, perhaps not even the South as a whole which has the richer and much more populous) Texas in it) It's much better, I think, to say the US is a rich country that undertaxes itself and has little interest in solving its social problems.