New article from the economist:https://archive.is/tqBs2



"COMPARING THE wealth of nations is harder than you might think. Countries with lots of people tend to have bigger economies, but that does not mean that individual incomes are high. Dollar income per person is the most common metric for sorting countries into rich and poor, but it does not account for international differences in prices. Nor does it account for how many hours people have to work to earn their wage. To provide a fuller picture, The Economist has created a global rich list using the latest available data on three measures: dollar income per person, adjusted income for local prices (known as purchasing-power parity, or PPP), and income per hour worked.

The findings show how fickle economics can be. Take America. Its GDP is by far the largest at market exchange rates. But its income per person is only the seventh highest in the world, and eighth when adjusting for local prices. When accounting for the long workdays and limited holiday, it drops to 11th. China—the world’s second-largest economy in nominal terms—comes 65th by GDP per person and 96th by hours worked. Other countries with gruesome work cultures also see big shifts: South Korea ranks 31st on our first measure and 30th on our second, but 47th on our third.

In much of western Europe the trend goes in the opposite direction: places such as Belgium, Germany and Sweden fly up the rankings when their lower prices or enviable work-life balance are taken into account. Wages in Luxembourg go the furthest in local prices. And Norway has the world’s highest average income per hour worked. (See the top 20 countries in the chart above.)"

They have crazy work-life balances.

In America it's unheard of to take a 2 week vacation.

Another study from Credit Suisse showed how low the wealth of americans actually is, it's extremely inequal.

Blows my fcking mind how people don't even take a couple of weeks off, how do americans survive serious? How can you enjoy life?

And it gets worse looking at other metrics too

It depends on what you do. Officecels take way more off. I took way more than that off this year, like 4 times that.

Still better than France, Germany, UK and Italy aka 95% of the EU's economic contributions. Glad that Luxembourg with its 14 citizens and 1,000 years of gold accumulation can eek the US out by a few % points.

The time off thing is loony, I have friends who dont take vacation because they can make slightly more if they work instead and are that pay check to paycheck that its worth it for them. Also have a friend who was denied their vacation due to work being "too busy" during that time. Sucks, but thats life son.

But at the end of the road most western euros are richer than americans:

https://en.wikipedia.org/wiki/List_o...alth_per_adult

Lol the french ar richer looking at median wealth

"Mean wealth is the amount obtained by dividing the total aggregate wealth by the number of adults. Median wealth is the amount that divides the population into two equal groups: half the adults have wealth above the median, and the other half below. In nations where wealth is highly concentrated in a small percentage of people, the mean can be much higher than the median (e.g. the United States). "



The french are richer + have a MUCH better work-life balance

You win the work life balance war, no questions. But those median wealth stats aren't reality. Something is skewing those results because never in my life or yours have you heard about how rich the Icelanders are. Australia at #3, zero chance. Prime US real estate is not being consumed by Icelanders and market whales don't come from Australia. Something is fishy with those numbers. Also I know median is needed for large population stats, but lmao at having a net worth of sub 100,000. I have that at 28.

Makes sense since the US is just super inequal + your country is addicted to debt + no social security, etc.

Also americans are notoriously bad with money and are hyper consumerists/keep up with the jones.

Looking at everything, it makes sense.

Dat feeling when you make deep into six figures and your last day of work for the year was last week (with rollover vacation days still in the pipe).

Have fun with your "better work/life balance". All those millions of third world barbarians taking over 1000+ year old culturally white cities are going to need you eurocucks to start working some more so you can pay for their welfare.

Yabbacuck when are you moving to Ruzzia, the promised lands?

Lmfao if you do not get minimum 4 weeks holiday plus absolute minimum 7 days back holiday.

In Europe permanent job is usually 5 weeks holiday plus 10 days bank holiday.

Who is more rich? Company owners in USofA or Europe? 🇺🇸 🤣

In the US: you get 104 days off a year….they are Saturday and Sunday.

dang thats brootal 😒

It'd be awesome if the US stopped subsidizing Europe so we could watch Europe sink into poverty overnight.

Americans are cucks like you and will keep paying though

When working for a company, I always had around 6 weeks off with vacation, sick days, etc. and only worked 4 or 5 days a week, never more than 40h a week. Its called not working at a entry level job.

Also, if we are comparing "wealth", shouldn't that be what people actually own? How many people in those other countries have 3000sq ft single family houses with land, multiple cars, other toys (like jet ski, snowmobiles, etc)? That's relatively common here but unheard of in most countries. Only their elite have that much actual wealth to have that many tangibles. Many of those countries have the average house as being a 1000 sq ft attached home and they have to use public transportation. How is that wealth?

U wot m8? In western europe everything you're talking about is also very common among the middle class.

Americans really are brainwashed.

Hell looking at quality of life western europe mogs america hard

Hurr Durr, it's normal in Europe to live at home till you're middle 30s.....
Hurr Durr, we don't need air conditioning......
Hurr Durr, we don't need to be armed, only the state should be armed......

OP's just salty because his unreliable and poorly built German car keeps leaving him stranded. He probably made this thread while being towed for the nth time.

That first one is only true for southern euros and lol at the rest, do you know how cold it is in europe?

Ayyy muh guns



muh airco

Most popular car in America 2022:

Honda Accord

...

Lolz

So middle class euros have huge, modern houses with land? Au contraire mon frère.



Average housing is an apartment "flat" or an attached house with an average of 1000 sq ft.

Riiiight, every summer you EuroCucks bitch about how hot it is, and it falls on deaf ears in the US, because unless you're a broke ass hoodrat, or some first generation Mexican family, you're gonna be nice and cool in your residence, because the majority of us have air conditioning.

I'm surprised central Texas doesn't get more sunshine hours according to that map. I've lived in southern Wyoming and Arizona and this place feels pretty similar in that regard.

Also as far as the AC thing goes, I get it that in some of the colder countries you don't need it that much. But my mind is honestly blown by how many people in Italy don't have AC. I was there in summer for a few weeks and it felt every bit as hot as Texas.

Because most of europe has a high population density. America is empty compared to western europe.

Do New yorkers have big plots of land too? No

Imagine living in a "flat."

I'd probably off myself.

The average size of an apartment in the United States is 882 square feet.

That's a luxorious apartment in Western Europe......

The last years it's getting hotter in the summer so more euros are getting aircos but for most of the last century that was unnecessary.