Originally posted by whodey http://www.aei.org/publication/us-gdp-per-capita-by-state-vs-european-countries-and-japan-korea-mexico-and-china-and-some-lessons-for-the-donald/
The table above compares the GDP per capita of America’s 50 states in 2014 (BEA data here) to the GDP per capita of selected countries in Europe and Asia on a Purchasing Power Parity (PPP) basis, based on data fr ...[text shortened]... -informed and outdated views on international trade and America’s position in the world economy.
To make a true apples to apples comparison, you'd have to deduct from our income whatever we spend on stuff that the northern Europeans get for free, mainly healthcare and public college education.
I do agree though that income in purchasing power is a much better metric than raw income.
Originally posted by sh76 To make a true apples to apples comparison, you'd have to deduct from our income whatever we spend on stuff that the northern Europeans get for free, mainly healthcare and public college education.
I do agree though that income in purchasing power is a much better metric than raw income.
However, comparing GDP per capita in PPP is still comparing rotten apples to rotten apples.
Originally posted by KazetNagorra However, comparing GDP per capita in PPP is still comparing rotten apples to rotten apples.
Presuming that Europe, by any metric, is "better" than the US, how many American citizens are attempting to flee this backward country, to become European?
For any comparison to be useful, even to a dissatisfied American, it would have to be a country to country comparison, not of a country to composite of a continent.
Originally posted by whodey http://www.aei.org/publication/us-gdp-per-capita-by-state-vs-european-countries-and-japan-korea-mexico-and-china-and-some-lessons-for-the-donald/
The table above compares the GDP per capita of America’s 50 states in 2014 (BEA data here) to the GDP per capita of selected countries in Europe and Asia on a Purchasing Power Parity (PPP) basis, based on data fr ...[text shortened]... -informed and outdated views on international trade and America’s position in the world economy.
I thought it was the other way around ...The united states of Europe .
All those European countries coming together to form a power house economy led by the Germans . What could go wrong ?
Originally posted by normbenign Presuming that Europe, by any metric, is "better" than the US, how many American citizens are attempting to flee this backward country, to become European?
For any comparison to be useful, even to a dissatisfied American, it would have to be a country to country comparison, not of a country to composite of a continent.
How many Americans are fleeing to New England?
You can compare US states to Northern European countries and you will find that the standard of living in the latter is higher.
Originally posted by sh76 To make a true apples to apples comparison, you'd have to deduct from our income whatever we spend on stuff that the northern Europeans get for free, mainly healthcare and public college education.
I do agree though that income in purchasing power is a much better metric than raw income.
What percentage of Northern Europeans go to college for free?
Originally posted by Eladar So either you do not know, or for some other reason you want to dodge the question.
It's either that or I assume that if you wanted to know how many people follow tertiary education in Nordic countries you would've googled it and found it in two minutes.
Originally posted by KazetNagorra It's either that or I assume that if you wanted to know how many people follow tertiary education in Nordic countries you would've googled it and found it in two minutes.
Going on to college does not mean actually getting a degree.
Assuming everyone gets a degree you are talking about well under half the population. Over half the people get taxed to pay for the other half to get an education. Sounds like Socialism.
Originally posted by Eladar Going on to college does not mean actually getting a degree.
Assuming everyone gets a degree you are talking about well under half the population. Over half the people get taxed to pay for the other half to get an education. Sounds like Socialism.
And then the educated get higher paid jobs,
contribute more to the system and are more
productive. The half who do not get tertiary
education are typically not the ones
"paying for" the others.
Does the US still want to become like Europe?
03 Apr '16 17:542 edits
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