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That 'extra 20K' of income is easy to sneeze at for the affluent, but it means that Americans have ~40% more disposable income. That's huge. > They don't seem
by marcusverus 6y ago
That 'extra 20K' of income is easy to sneeze at for the affluent, but it means that Americans have ~40% more disposable income. That's huge.
> They don't seem to be in more poverty
They're clearly not 'more in poverty'. The point is that they spend (the US equivalent) of Trillions of dollars per year for comparable outcomes.
>They're healthier, more fit and highly educated.
This is a matter of culture, not economics. The US already spends more per pupil than all of the 'top 5' nations, with worse outcomes. [0]
[0]https://data.oecd.org/eduresource/education-spending.htm https://data.oecd.org/eduresource/education-spending.htm
- Joof 6y agoSuppose that higher incomes are also a matter of culture.