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Money in the US only seems to go far when you look at consumer products. And of course housing is cheap as there is lots of cheap land. The problem for any high
by jernfrost 10y ago
Money in the US only seems to go far when you look at consumer products. And of course housing is cheap as there is lots of cheap land. The problem for any highly automated society is that while consumer goods fall in price, services go the opposite direction.
This is were the big problem is in the US. Lawyers, doctors, dentists, university, medical care, medication, child care etc all those things are typically a lot more expensive in the US.
What does it matter if you can afford twice as many iPhones or flat screens in the US, if you are economically ruined once you get a serious disease like cancer or you can't afford to send your kids to a decent university?
I've contemplated the wealth difference between the US and my home country Norway many times, and I've always found it very hard to compare because you don't live the same way.
I could afford a bigger house and car in the US, given the price level of those things there. Yet concluding that I am richer is hard. American houses tend to be more cheaply built, with poorer insulation. So it is always an apple and pear comparison. I can buy more stuff in the US, but my money would not go as far when abroad. Stuff is more expensive in Norway, but salaries are also higher so you have more purchase power when you travel. And Norwegian spend more time enjoying vacations than Americans. So it depends on what you want. Do you want stuff or leisure?
Also how do you put a price on the feeling of safety and and stress free environment. You got an extensive welfare system that will be there for you if anything should happen to you or your family. In the US you never know. You don't have to worry about crime. I noticed an American policeman visiting Scandinavia to learn about various Scandinavian policing methods. The first odd statement I noticed him say was "people don't look over their shoulders here. It looks like they don't worry anything bad is going to happen."
If this is the way people live in the US, I got to say, thanks but no thanks.