Live data from Hacker News

Europe converged rapidly on the United States before stagnating

constitutionofinnovation.eu

41–50 of 112 posts

Re: Europe converged rapidly on the United States before stagnating

#41

"Output per head" is total population? If so the slight downward trajectory likely reflects the aging population of europe.

The average age of the population of Europe has gotten significantly lower over the last decade.

No it hasn't? At all?

https://ec.europa.eu/eurostat/web/products-eurostat-news/w/d...

Re: Europe converged rapidly on the United States before stagnating

#42
post #6
post #3

Earlier quoted context omitted.

One problem about it is that without growth, there's no way European pension commitments will be paid. Growth was baked into these promises and we don't have any.

What kind of stupid idiots would ever design a system that assumed indefinite growth? We get what we deserve...

The system is not designed, and it does not assume indefinite growth. But another way to capture your point is to say our society strives toward constant improvement, which I don't really see an obvious end to. It is always possible to improve, isn't it?

Re: Europe converged rapidly on the United States before stagnating

#43
post #12

I think the lack of social safety net in the US is a gun to the head of American workers that gets more productivity out of them (at the cost of well-being which isn't accounted for). The billionaires are necessary as aspirational opiate that allows those same people to work themselves to death with the balm that they too will soon join the ranks of the billionaires. Let's not even start on how the American economy d…

[flagged]

Re: Europe converged rapidly on the United States before stagnating

#44
post #33

It always amazes me that some Europeans look to the USA as some goal to aspire to. As an American, all I’m trying to do is get rich enough to move to Europe someday. There are greater goals than growth at all costs. Things like respecting the humans that live there and putting their well-being above corporations. If that thwarts “growth”, so be it.

You don't have to be rich to move to Europe. The cost of living in most European countries is less than the USA (which you would expect, given their lower salaries).

The need to be rich comes from the need to get a visa, language training, and rebuild your social structure. Also, the cost of living is nothing to sneeze at if you are a city person.

Re: Europe converged rapidly on the United States before stagnating

#45

"Output per head" is total population? If so the slight downward trajectory likely reflects the aging population of europe.

The average age of the population of Europe has gotten significantly lower over the last decade.

Do you have data to back that?

https://ourworldindata.org/grapher/median-age?country=USA~GB...

Re: Europe converged rapidly on the United States before stagnating

#46

Earlier quoted context omitted.

> As an American, all I’m trying to do is get rich enough to move to Europe someday. How do Europeans get rich enough to have that life you dream about in Europe once you're rich enough from making money in America to move there?

They do not need to because their social systems are structured around public goods and services for humans instead of profits. Americans have to get rich to buy into a functional system, because they were unlucky enough to be born on the wrong soil. My health insurance for a family of 4 in Spain is $2k/year. In the US, $20k+ (premiums, copays, etc). Why? Combined market cap of UHC and CVS as of this comment is $391B…

Yes, but can you eat out once a week without breaking the budget on a European salary?

Re: Europe converged rapidly on the United States before stagnating

#47

It always amazes me that some Europeans look to the USA as some goal to aspire to. As an American, all I’m trying to do is get rich enough to move to Europe someday. There are greater goals than growth at all costs. Things like respecting the humans that live there and putting their well-being above corporations. If that thwarts “growth”, so be it.

Have you travelled Europe? Other than in some countries like Germany or Ireland the job situation is quite bleak. For example, look at average wages vs living costs in Madrid

* Good "Base" salary: around €30,000-35.000 gross annually is considered a good base for a single person in Spain, including larger cities. From there, thech workers might be able to get a better salary. This is before taxes, of which there are plenty, so you can count that final effective take-home money is around 60-70% of that. VAT is 21% so that's another chunk that you'll contribute each time you purchase stuff.

* Median rent price in the city: one-bedroom apartment is around €1,000/month; 3-bedroom apartment around €1,500-€2,000.

Re: Europe converged rapidly on the United States before stagnating

#48

It always amazes me that some Europeans look to the USA as some goal to aspire to. As an American, all I’m trying to do is get rich enough to move to Europe someday. There are greater goals than growth at all costs. Things like respecting the humans that live there and putting their well-being above corporations. If that thwarts “growth”, so be it.

> As an American, all I’m trying to do is get rich enough to move to Europe someday. Why not directly work in the EU?

Personally, I'd love to do that. Good luck actually getting one of those jobs though; particularly if living in a city is important to you.

Re: Europe converged rapidly on the United States before stagnating

#49

Earlier quoted context omitted.

That's why you need to get rich before moving to Europe

Or just live like a European? The cost of a Latvian investment visa is something like the price of an average new car. It's obtainable to most anyone gainfully employed in skilled labor in the USA. Virtually anyone here that wants one can get it and move there.

Okay, besides being of Latvian descent, why would one want to move from the US to Latvia?

Re: Europe converged rapidly on the United States before stagnating

#50

Earlier quoted context omitted.

Or just live like a European? The cost of a Latvian investment visa is something like the price of an average new car. It's obtainable to most anyone gainfully employed in skilled labor in the USA. Virtually anyone here that wants one can get it and move there.

Okay, besides being of Latvian descent, why would one want to move from the US to Latvia?

Homebase for smuggling French cheeses into Russia?
Post reply on HN