US is becoming a developing country on global rankings that measure [...]

Re:US is becoming a developing country on global rankings th... by csdvrx on Thursday September 22, 2022 @08:27AM (#32937917)

> > I doubt any amount of benefits and socialism can solve this problem.

This

> Most EU countries are higher up the list

How do you know you can trust that list?

When you look at both the average and the median income, even adjusting for PPP, IIRC the poorest US state is richer than the richest EU country, which says a whole lot about "the degree of poverty in EU".

Of course, Europeans don't like that so they try to tweak the rankings by doing various adjustments for happiness, or insisting on healthcare stuff (etc.) and how they have many transfer payments.

The europoors doth protest too much, methinks :)

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Re:US is becoming a developing country on global rankings th... by fxtentacle on Thursday September 22, 2022 @08:38AM (#32938015)

Actually, the median income per person is higher in most of the EU than it is in the US. No tweaking needed.

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Re:US is becoming a developing country on global rankings th... by mrep on Thursday September 22, 2022 @09:15AM (#32938365)

US is #2, only behind Luxembourg: https://en.wikipedia.org/wiki/Median_income

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Re:US is becoming a developing country on global rankings th... by fxtentacle on Thursday September 22, 2022 @06:30PM (#32945464)

I was looking at wealth, not income, sorry. Can't edit anymore. Then US is 26th

https://en.m.wikipedia.org/wiki/List_of_countries_by_wealth_...

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Re:US is becoming a developing country on global rankings th... by csdvrx on Thursday September 22, 2022 @12:20PM (#32941084)

Then I guess it has changed?

Congrats to the smallest and richest EU country, for no longer being poorer than us!

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Re:US is becoming a developing country on global rankings th... by oyashirochama on Thursday September 22, 2022 @08:50AM (#32938112)

With higher cost of living, taxes and less job opportunity and an economy that isn't recovering. The US with all its flaws really depends on where and how you look at it from, especially with the rise of work at home allowing more fluid movement to much lower cost areas compared to the cheapest areas of EU zone.

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Re:US is becoming a developing country on global rankings th... by csdvrx on Thursday September 22, 2022 @12:21PM (#32941105)

> Actually, the median income per person is higher in most of the EU

That's factually wrong, cf https://en.wikipedia.org/wiki/Median_income

But I also learned today that my simple assumption was now wrong.

So congratulations to Luxembourg, for being part of the EU yet not as poor as the rest!

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Re:US is becoming a developing country on global rankings th... by WealthVsSurvive on Thursday September 22, 2022 @09:55AM (#32938777)

Forest, meet trees: my numbers are higher, so all the things humans find important that are the very foundation of the number being important don't matter.

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