3 ms·
Tens of millions of people in the US live in such a devastating level poverty which is virtually unheard of in Western Europe or Japan. Social mobility is weake
by andrepd 3y ago
Tens of millions of people in the US live in such a devastating level poverty which is virtually unheard of in Western Europe or Japan. Social mobility is weaker in the "land of opportunity" than in Europe, indicating that your wealth and income as an adult is highly correlated on your parent's wealth and income (so much for the meritocratic fairytale).
I'll take optimising for well-being (with a "strong economy" as a mere tool for that, not an end in itself) over "muh gdp" any day now.
- WalterBright 3y ago> devastating level poverty It is not a "devastating" level of poverty. The US is not a 3rd world country and the 3rd world poor are desperately trying to get into the US, literally by the millions. The US poverty rate stopped declining in 1968 when the government began subsidizing it.