PPP is not only about living standards, it accounts also for the fluctuation of currency exchange rates, as you should've understood if you read the article. T

PPP is not only about living standards, it accounts also for the fluctuation of currency exchange rates, as you should've understood if you read the article. The reason the EU seems to have fallen by 1/3 compared to the US is that the dollar got stronger, not that EU suddenly became 1/3 less productive. Your point of view is just completely wrong and it's funny how you think it's the article that has it wrong.