2 ms·
> The US economy has fewer unions than the Swedish economy, yet its median income is around 30% higher: https://ourworldindata.org/grapher/daily-median-income?t
by piva00 3y ago
> The US economy has fewer unions than the Swedish economy, yet its median income is around 30% higher: https://ourworldindata.org/grapher/daily-median-income?tab=t https://ourworldindata.org/grapher/daily-median-income?tab=t...
This is a non-sequitur and non-argument, there are many, many other differences between the labour market in Sweden, and the EU compared to the US to rely solely on that fact as a reason for higher median income.
> People in this thread are comparing Norway to Sweden. One way of interpreting the median income data I linked is, if Sweden adopted the sort of capitalist approach you see in the US or Switzerland, the increased economic dynamism would be the equivalent of discovering $1.5 trillion in oil wealth, from the perspective of the median worker.
There's nothing in what you shared that support this, at all. Sweden also ranks higher in economic freedom than the US [0].
[0] https://en.wikipedia.org/wiki/Index_of_Economic_Freedom https://en.wikipedia.org/wiki/Index_of_Economic_Freedom