641–650 of 905 posts
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Mass migration from developing world is mostly a burden to European welfare systems these days, since a lot of it is humanitarian and most humanitarian migrants lack skills to do well in our job markets.
When I look at my own country we want the doctors and scientists but NOT the wretched refuse of teeming shores. Americans think it's racist but actually it is just business.
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>> the entire EU economy grew at the same speed than the US one but not its 500 bigger companies > This is literally the article’s point. Europe and the U.S. grew similarly. The U.S. and China produced more large companies. (The Continent’s larger companies also being older than the other two’s.) So Europe did a better job in distributing wealth more equally, while in the US and China you got a massive concentration…
>So Europe did a better job in distributing wealth more equally False. Europe did a better job at distributing income due to high taxes but not wealth. Most Europeans are rich due to accumulation of wealth (specifically old business and real estate) inherited across generations. Due to that, statistically, Europe does worse than the US wealth inequality as wealth has pooled to the people whose families have been here…
Do you have a source for the statistic that show this?
Another comment mentioned Gini. Piketty uses the share of the top percentile (1%) or decile (10%):
* https://www.newyorker.com/news/john-cassidy/pikettys-inequal...
* https://news.harvard.edu/gazette/story/2020/03/pikettys-new-...
The US isn't the worst in the world, but it is certainly more unequal than Europe as a whole, and most (all?) EU countries.
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Mass migration from developing world is mostly a burden to European welfare systems these days, since a lot of it is humanitarian and most humanitarian migrants lack skills to do well in our job markets.
When I look at my own country we want the doctors and scientists but NOT the wretched refuse of teeming shores. Americans think it's racist but actually it is just business.
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> There is a thriving tech scene in Europe and we do quite well! Is there really ? I see attempts at copying the US tech scene, but a lot of it seems structured to suck money out of government funds and programs. I see very little private investment. Just recently I talked to a local VC, in a casual chat about how they started their fund I found out they pulled money out of a EU fund, they had to put up like 25% of t…
Also wages in tech in the EU are laughably bad compared to USA. I'm in the UK, same problem. Yet everyone seems to think that a couple weeks more holiday makes up for it.
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Also wages in tech in the EU are laughably bad compared to USA. I'm in the UK, same problem. Yet everyone seems to think that a couple weeks more holiday makes up for it.
It's strange but true. I live in the UK and I think I could get paid 3-5x more in the US. But even though I'm annoyed by that pay gap, I will never work without healthcare and only two weeks of PTO. At least job satisfaction doesn't change, I work with startups that interest me and I get to hack on a stimulating open source project. I'm just healthy while I do it.
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>So Europe did a better job in distributing wealth more equally False. Europe did a better job at distributing income due to high taxes but not wealth. Most Europeans are rich due to accumulation of wealth (specifically old business and real estate) inherited across generations. Due to that, statistically, Europe does worse than the US wealth inequality as wealth has pooled to the people whose families have been here…
> Due to that, statistically, Europe does worse than the US wealth inequality I had a quick look at Wikipedia's wealth Gini figures and this isn't the case. Places like the Netherlands and Sweden score atrociously, but the three big European economies (France, Germany, and the UK) all have less wealth inequality than the US (significantly so for the first two), as do a whole host of other European countries.
* - https://en.m.wikipedia.org/wiki/List_of_countries_by_wealth_...
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Also wages in tech in the EU are laughably bad compared to USA. I'm in the UK, same problem. Yet everyone seems to think that a couple weeks more holiday makes up for it.
Isn’t university for your children free in Germany? That’s like a 100-200 thousand dollar savings if you have two kids you want to put through college vs the USA.
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>> the entire EU economy grew at the same speed than the US one but not its 500 bigger companies > This is literally the article’s point. Europe and the U.S. grew similarly. The U.S. and China produced more large companies. (The Continent’s larger companies also being older than the other two’s.) So Europe did a better job in distributing wealth more equally, while in the US and China you got a massive concentration…
> Europe did a better job in distributing wealth more equally This assumes ex ante a similar quantity of wealth. Europe’s GDP per capita is lower than America’s. Where it’s higher, the growth is slower. The more-even distribution comes at the expense of quality of life or economic power. (Though not for Europe’s well-entrenched multi-generational and often legally-entitled wealthy.) To be clear, I don’t believe in mo…
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Because of a lack of competition, it’s the same issue as the US, but at a smaller scale (at least in most areas you can subscribe to multiple ISPs). E.g. in The Netherlands you can subscribe to a large number of ISPs. In the largest part of the country either through *DSL or cable. Increasingly also fiber. This is because the government regulated internet access very early on. When the state telephone company was pri…
Yeah it heavily depends where you live, in Germany. In or near larger cities, there's lots of really good options. Its funny how Germany was ruled for 16 years now by a party whose voters live mostly in rural areas, but didn't do a lot for those areas ...
It's the same with trump. He mostly cared about himself. The only thing he did right for his voterbase is starting the trade war. From a pragmatic standpoint the tradewar was necessary, even if it's not the best thing you could possibly do. The point is that the economy is very slow, the short term can last decades. Hoping for an economic recovery that pulls up everyone will happen one day but not within the term of any politicians of today. A tradewar is a quick hack to achieve full employment.
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Thank you for your thoughtful downvote. However I don't really follow. The discussion is clearly about politics here, so it probably does not count as off-topic. Also, fascism has a massive influence on the economy, making it relevant. If you merely dispute my view that there's fascist tendencies in the US, that is fair, but no reason for a downvote, I'd argue.
As a European who probably agrees with you regarding many policies: You may be able to argue that quality of life is better in Europe or with European-style policies [1]. Everyone having health insurance and less of a need to worry about your basics needs met are fair points. I wouldn't want to live in a society that doesn't seem to care that much about economic equality. But "about to be ruled by a fascist"? Trump l…
Yeah. I know I should dial it down a little. But I'm actually really concerned about the US. They do have a lot of mass shootings, and not even tackling this problem does point to a larger dysfunction in the US.
And Trump does not accept is loss and 60% of republicans agree. That's why I actually fear that the next elections in the US will not be democratic.