Earlier quoted context omitted.
Funny how Americans get so shocked about it, while it is quite clear to the rest of the world. Honestly when I was visiting the US the first time, I was shocked how Second World everything was. Most people live in poor areas (of course most well off Americans don't travel to these part of towns so they don't see it). Many non-chain shops are struggling. Food prices are ridiculously high in comparison to the not that…
That's false. France has a higher cost of living and higher food prices [1], with a considerably lower overall median and full-time median income level, versus the US. US GDP per capita is also currently 50% higher than France. France has an unemployment rate ~120% higher than in the US. US wage growth has been roughly 8x to 10x that of France over the last 20 years (France only averaged 0.5% annual wage growth over…
Furthermore, median wage growth has done much better there than in the US over that period. Also poverty rates are set by national standards not international, they're hard to compare unless when it's between EU members for example.
https://amp.businessinsider.com/images/5668ba742340f8b1008b4...