[tinco]

That Brit plumbers are more expensive does not mean they are overvalued. It means they are not cost effective, and that means they'll get less jobs. You can only be overvalued if anyone is actually paying you for your job. The reason that they're expensive is that cost of living is too high.

So the real question to ask is, do British plumbers expect a too high quality of life?

[johnchristopher]

Anything has to be overvalued because there wouldn't be benefits then.