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I've read various reviews of Tyler Cowen's new book (and I read his blog, very occasionally). I'm not worried about what he is worried about. I have lived overs
by tokenadult 13y ago
I've read various reviews of Tyler Cowen's new book (and I read his blog, very occasionally). I'm not worried about what he is worried about. I have lived overseas, twice. I'm back in the United States because the joint conclusion of my family (including my wife, who grew up in another country) is that the United States still offers us, and millions of other people, a whole lot of opportunity for personal advancement that is hard to find in other countries, even thriving, developed countries that also have representative government, a free press, and broad protection of individual liberties.
The death of the middle class in the United States has been predicted for a long time, but middle-class Americans still look like rich people in most other countries. The whole economy has been transformed over the last century (my uncle farms land that was first developed into a farm by my grandfather a century ago, when a large percentage of the United States population were farmers), but people are still mostly employed, and living in larger, more comfortable houses, eating better, and living longer[1] than ever. What is called decline in the United States looks a lot like progress anywhere else in the world. People are still very eager to immigrate to the United States,[2] so what exactly is the problem?
[1] An article in a series on Slate, "Why Are You Not Dead Yet? Life expectancy doubled in past 150 years. Here’s why."
http://www.slate.com/articles/health_and_science/science_of_longevity/2013/09/life_expectancy_history_public_health_and_medical_advances_that_lead_to.html http://www.slate.com/articles/health_and_science/science_of_...
Life expectancy at age 40, at age 60, and at even higher ages is still rising throughout the developed countries of the world.
http://www.scientificamerican.com/article.cfm?id=longevity-why-we-die-global-life-expectancy http://www.scientificamerican.com/article.cfm?id=longevity-w...
[2] http://www.theatlantic.com/international/archive/2013/09/232-million-people-left-their-countries-for-new-ones-where-did-they-go/279741/ http://www.theatlantic.com/international/archive/2013/09/232...
http://www.gallup.com/poll/161435/100-million-worldwide-dream-life.aspx http://www.gallup.com/poll/161435/100-million-worldwide-drea...
AFTER EDIT: I've still got time to edit this comment, so I'll respond to the people who think I am ignoring important trend lines. I respectfully disagree. (Note that I am well known here on Hacker News for saying that United States K-12 education needs improvement, so I am by no means saying that there is nothing left to improve, or nothing to worry about, here.) A funny comment posted on Hacker News about Japan's "lost decade" (posted before I opened my user account here)
https://news.ycombinator.com/item?id=329218 https://news.ycombinator.com/item?id=329218
shows how difficult it is for a developed country to lose ground:
It was terrible. People were forced to eat raw fish for sustenance. They couldn't get full-sized electronics, so they were forced to make tiny ones. Unable to afford proper entertainment, folks would make do by taking turns to get up and sing songs.
I've grown up in the United States, and I've been hearing predictions of doom here throughout my life. Doom here still looks like heaven to most people in most parts of the world.
- mjn 13y agoa whole lot of opportunity for personal advancement that is hard to find in other countries, even thriving, developed countries that also have representative government, a free press, and broad protection of individual liberties. Out of curiosity, what kinds of things? I was born and raised in the U.S. (have lived in Chicago, Houston, Los Angeles, SF Bay Area, and Atlanta), and now live in Copenhagen, and don't feel like I am missing a lot so far, apart from the general experience of foreignness occasionally being strange (might be ameliorated if I were better at learning Danish). If anything the opportunities for personal advancement feel somewhat stronger, due to the social safety net meaning you can start companies or nonprofits or whatever without worrying about ending up homeless or without healthcare. I'll probably move back at some point, but mostly just because it's where I'm from, not out of any particular dissatisfaction with Denmark. And I'll probably only move back if I have a good job with a salary and benefits lined up first...
- busterarm 13y agoThe "American Dream" for a lot of my friends nowadays is to relocate to Europe. Copenhagen is a frequently-mentioned destination and my destination of choice as well. I definitely felt like there was more opportunity in Denmark than here. Gotta say, I'm a bit jealous.
- tptacek 13y agoWhat kind of opportunity are you referring to? Strip it to nuts and bolts as much as you can. I ask because, for instance, it is harder to run a company in Denmark than in the US. Danish employment law requires months of notice before terminating an employee, and allows termination only with cause. It also appears to be somewhat expensive to incorporate there.
- davedx 13y agoInteresting first criteria for judging a country's economic opportunities: the ability to easily terminate your staff. The "Ease of Doing Business Index" actually removed "how easy is it to fire people" from its indicators because of the controversy. Do you think everybody in the USA would agree that being able to fire people at will is a good thing for the US economy?