I’m not following your point; we might even agree. My point was: despite less legal protection, American SWEs still enjoy a lot of security even during a pandemic (which isn’t a tech crisis but still dramatically impacted many tech companies). Because I make like 80% more than what I would make in Europe, I also am able to save and invest (6 months expenses saved up in a savings account). I also give a good portion to charities and political causes (so hopefully one day America can work well for people who aren’t SWEs).

My point was that we haven't had a job crisis in the software field, for a while. That would be a true test. I have no idea when it will happen but it's reasonable to assume that nothing keeps going up forever.

Fair enough, but it only tells you how each system performs under anomalously bad events (I don't think this is a "true test"). And to my earlier point, when you're making 80% more than you would in Europe, you can save a lot of money to float you through hard times. Notably, I still don't think you'd be particularly well-off in Europe--European worker protection rights don't help if your company goes under, and you won't have a cushy savings account. I'm guessing unemployment is a bit better than in the US, and obviously healthcare will be better, but on balance I don't think your average SWE would be any better off. Of course, this doesn't extrapolate beyond the upper-middle-class and above; poorer Americans are almost certainly worse-off than their European counterparts (and I want to see that remedied).