> canada where the GDP per capita goes down every year

Couldn't this largely be explained by their importing huge amounts of low-income people?

Of course. Canadians are still getting poorer every year and that's the salient point.

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.

> GDP per capita does not go down

It does in Canada, I think that’s what he meant

It doesn't go down every year in Canada either.

GDP per capita has not gone down every year in Canada or in the UK:

https://tradingeconomics.com/canada/gdp-per-capita#:~:text=T...

https://tradingeconomics.com/united-kingdom/gdp-per-capita

(Click the button to check the 25 year view.)

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.

https://www150.statcan.gc.ca/n1/pub/36-28-0001/2024004/artic...

OP’s post clearly suggested a long term trend of declining GDP per capita (“every year”), which is not the case.