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What happened? Simple: Eastern Europe has been experiencing constant GDP growth for the past 3 decades, while Japan stagnated. Also, regarding sibling comment
by Detrytus 3y ago
What happened? Simple: Eastern Europe has been experiencing constant GDP growth for the past 3 decades, while Japan stagnated.
Also, regarding sibling comment about relevance of PPP metrics: I challenge you to come to Czechia or Poland - the quality of life can really surprise you. Those are, for example, the two countries with the lowest unemployment rates in EU. We have nice apartments and houses (with photovoltaic panels and heat pumps, mind you), drive nice cars, have good healthcare and free higher education.
Unless I get a $1M+ per year offer from a FAANG in Silicon Valley I feel like no country in the world can offer me a significantly better standard of living.