this post was submitted on 27 Mar 2024
1 points (100.0% liked)

Europe

8484 readers
1 users here now

News/Interesting Stories/Beautiful Pictures from Europe ๐Ÿ‡ช๐Ÿ‡บ

(Current banner: Thunder mountain, Germany, ๐Ÿ‡ฉ๐Ÿ‡ช ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

  1. Be nice to each other (e.g. No direct insults against each other);
  2. No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
  3. No posts linking to mis-information funded by foreign states or billionaires.

Also check out [email protected]

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 0 points 7 months ago (1 children)

Your first article just shows the EU growing at 1% and the US growing above 2%

This means that the gap between our economies is growing. And a lot of countries are in recession (or bouncing in and out) - like Sweden, Germany and the UK.

Median wealth and income are arguably worse:

Income: https://en.wikipedia.org/wiki/List_of_countries_by_average_wage

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita#Table

Wealth inequality: https://en.wikipedia.org/wiki/List_of_sovereign_states_by_wealth_inequality#List

Sweden is far worse than the US for example - with much higher wealth inequality and much lower median purchasing power.

I don't think you can find a single area where the EU is performing better economically.

[โ€“] [email protected] 0 points 7 months ago (1 children)

You didn't post anything about PPP median income. As I said earlier, you are being extremely pessimistic without any data.

I looked it up for you: the US is fifth in the world in median income. Switzerland, Norway, and Luxembourg all have higher median income than the US. That makes sense intuitively too, as those countries all have extremely high quality of life on many measures.

https://www.insidermonkey.com/blog/10-richest-countries-by-median-income-1248583/6/

Here's another source with older data, but it's easier to rank countries. The rest of Europe is very close to the US.

https://worldpopulationreview.com/country-rankings/median-income-by-country

[โ€“] [email protected] 0 points 7 months ago

A 33% difference isn't exactly "very close".