Oh, you’re mistaking GDP for money going to workers here. Our (federal) minimum wage is still just $7.25/hr (€6.75/hr) and more than 1/3 of the states honor that. I think that’s even lower than Portugal. And there’s no healthcare with that (or any) wage/contract job.
Oh, sure, you can make money here, but it almost certainly won’t be as an average employee.
Not even keeping, explicitly adding them back and unbanning them, and letting them make decisions to ban leftists who spoke out against it (andy ngo recommending people to the chopping block comes to mind)
Ah yes, Woody Allen - the paragon for appropriate relationships with women. We should certainly listen to him about what is and isn’t acceptable behavior.
Without reading the article I’m gonna guess that it’s because work, politics and culture have got you all so permanently stressed and anxious that you turn on each at the slightest upset like sharks scenting blood.
It’s because americans are good at capitalism. Americans are so much more willing to put up capital to invest in a start up. In Europe investors are so much more risk averse, that they never hit any big wins. It also makes companies list on the american exchanges over european equivelant ones.
I was about to say you need to look at gdp per capita not just gdp, but I googled it and the eurozone has about the same population as the USA.
With such a large gdp difference, looks like Americans will be doing a lot of travel to Europe, and even more Europeans may be coming over here for jobs. It seems like half the people I work with are from Germany.
I am notsurprised. I am from Germany. The salary for the job i am doing has been stalling the last 10 years. Even though i am “doing a career”, my salary raises are weak compared to inflation. I am in middle management of a big company and cant afford a fckn house, while people on this position 20 years ago have 3 now. I hate it.
That is mostly true here as well. From what my German coworkers tell me (and from what I see in job postings), salaries here are generally higher, even after paying for medical care etc. this is in the sciences but I’ve heard it’s true in other fields as well.
Yes, they are higher but many calculations say that the end earnings ppl have after all deductions are higher in Germany than in the US. So Americans get payed more but go home with less disposable income. I am no economist though, so... Idk
What you want to compare is how common people are living in a coutry and how much they can actually buy. That's what PPP is for ("purchasing power parity").
No, that's the wrong metric here. PPP compares prices not earnings for the sake of establishing a standardized "currency" to compare against. It doesn't say how many of the compared products can be bought with a median income or anything.
Hate to tell you this, it’s no different here in the states. Wages have not been remotely kept track with inflation and home ownership is out of reach of most of the population
that's true of everywhere in the developed economies.
we value assets more than we value labor. so assets get more expensive and labor is cheaper. and since the rich are getting richer at an unprecedented rate, it's not going to change unless we have a serious social collapse.
No I think you’re on to something with the per capita point.
US population went from 304million to 333million in that time (+29 million).
Euro population went from 334million to 344 million (+10 million).
3x the population growth probably helps nominal GDP numbers look better than they really are comparatively. It’s not the whole story but it’s some of it.
My wife works for one of our county libraries in Colorado. The higher ups are trying to appease conservatives pushing for book bans by cancelling the yearly “Banned Books” displays that they normally put up. They seem to think that by not “antagonizing” them, the conservatives will quietly go away and leave the libraries alone.
I’m of the opinion that they’re just giving into the conservatives’ demands by making banned books less visible - and getting nothing in return. Conservatives have made this a national strategy (as detailed in the article), so our local library isn’t just going to make it all go away by ceding to their demands.
But some drugs might help you change your brain chemistry to be as narcissistic or just so singular focused that you can’t think about being depressed because you are focused on repetitive task work.
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