The UK is poor because they decided to financialize the economy in the 90s and stop making things. It's like canada where the GDP per capita goes down every year. I'm amazed there hasn't been a revolution.
Sure, but expanding the definition of “Canadian” to include people who were already poor is a bit different from people who were already Canadian becoming poorer.
I don't think the average migrant salary is much different from the average UK citizen salary. Then again, I also don't find the "financialisation" argument very compelling. Plus, the GDP per capita visibly does not go down every year.
According to Stats Canada, “Real GDP per capita has now declined in five of the past six quarters”, so fair to say it’s currently declining. This was news to me.
