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A comment on US takes 'richest nation on earth' crown from Switzerland. Parent comment

Re:US takes 'richest nation on earth' crown from Switzerland by AstralStorm on Friday September 20, 2019 @01:07AM (#21023475)
Yes, whole world is doing great, by which you mean China with 6,9%, Romania 6,9%, India with 6,6% and not USA with 2,3%. (Which is better than usual. 2017 numbers.)

Growth is not tied to employment policy, but only cost of labor. It correlates almost 1:1 as selfish big businesses move or outsource where it's cheaper. (Including big tax breaks. USA doesn't have these enough to balance very expensive employment.)

Example from EU: Poland has 4,6% and France 1,8%. Switzerland 1,1% and Finland 2,6%. The number for France is not too dissimilar from USA and not anything special. Poland has baroque labor (improving) and especially tax laws.

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Re:US takes 'richest nation on earth' crown from Switzerland by xyzzyz on Friday September 20, 2019 @01:55AM (#21023651)
Clearly, it’s easier to grow when you start out poor, as you can play catch up copying the solutions and technologies from rich places. It gets much harder when you’re the leader, and not only you cannot copy tech from others, but you can’t even depend on them using you for cheap labor.
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