4 ms·
"Yet people in most of Western Europe (discounting Switzerland and Luxembourg and maybe Norway) are objectively poorer than even the poorest American states. "
by bwb 5y ago
"Yet people in most of Western Europe (discounting Switzerland and Luxembourg and maybe Norway) are objectively poorer than even the poorest American states.
"
This is utter nonsense, how are you getting that?
Imagine that I offered you two deals:
1. You make $45k a year, but all your costs are 50% of the base rate. Plus health care is included that covers everything with no expenses, childcare is included, and college education is included.
2. You make $60k a year, but all your costs are 200% of the base rate. Health care isn't covered and covers nothing when you really get sick, childcare is $1500 a month per kid, and college is going to cost you half a million dollars.
Holistically Western Europe as a whole is doing way better for it's people.
"Recent studies suggest that there
is less economic mobility in the
United States than has long been
presumed. The last thirty years
has seen a considerable drop-off in
median household income growth
compared to earlier generations.
And, by some measurements, we
are actually a less mobile society
than many other nations, including Canada, France, Germany and
most Scandinavian countries. This
challenges the notion of America as
the land of opportunity"
https://www.pewtrusts.org/-/media/legacy/uploadedfiles/wwwpewtrustsorg/reports/economic_mobility/empamericandreamreportpdf.pdf https://www.pewtrusts.org/-/media/legacy/uploadedfiles/wwwpe...