Factor in culture. People of Scandinavian descent do even better financially in the US than they do in their home countries. Even if true in a textbook sense, I

Factor in culture. People of Scandinavian descent do even better financially in the US than they do in their home countries. Even if true in a textbook sense, I'd bet the sense of social cohesion that comes from a small culture has an outsize impact on that country's economic output. But lets watch the experiment play out. Maybe the book stores in SF that are closing due to the new wage are just abberations or unfortunate side effects.