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A comment on The Great Decentralization? Geographic shifts and where tech talent is moving. Parent comment

Re:The Great Decentralization? Geographic shifts and where t... by Swizec on Friday June 10, 2022 @11:57AM (#31695920)
As an immigrant I often wonder if America’s economy works so well in spite of or because of its policies.

But one thing is clear: Last year I saved more money than I made in my last year in Europe. And that’s while paying rent in downtown SF

To give a more surprising comparison - my country’s entire GDP fits into Apple's quarterly profits. The pie is large here.

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Re:The Great Decentralization? Geographic shifts and where t... by nopenopenopeno on Friday June 10, 2022 @12:11PM (#31696112)
America’s economy doesn’t work well at all for most people. It only works well for the rich, i.e. those who directly benefit from a higher GDP.
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Re:The Great Decentralization? Geographic shifts and where t... by Swizec on Friday June 10, 2022 @12:23PM (#31696242)
I’m going to assume you’ve never lived in an economy where median wage is $1000/month. Because it sounds like you have no idea what you’re talking about

Everyone benefits from higher GDP. Yes the rich benefit more, but I promise you that everyone being equally destitute is no walk in the park either.

Reading about the economic histories of South America, China, Eastern Europe, and Africa are great places to learn more about how low GDP is terrible for everyone involved.

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Re:The Great Decentralization? Geographic shifts and where t... by astrange on Saturday June 11, 2022 @02:31AM (#31702446)
The rich are people who don't need the economy to do well. It's everyone else that relies on it.

"The stock market isn't the economy" goes both ways.

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Re:The Great Decentralization? Geographic shifts and where t... by cscurmudgeon on Friday June 10, 2022 @01:03PM (#31696766)
Yes, that's why America is #1 for immigrants.
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