News for hackers. Stuff that matters.

A comment on U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected. Parent comment

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by __turbobrew__ on Thursday October 26, 2023 @01:17PM (#38028690)
Yea, there is a reason why net immigration between Europe and the USA heavily biases towards people moving from EU to USA and not the other way around. The USA is truly the land of opportunity. More than anywhere else you alone control your own destiny. The USA has also proven time and again that it is more economically resilient than any other economy out there. There are booms and busts, but the recovery from the busts are always strong and do not stagnate for extended periods of time.

I say this all as someone who does not live in the USA and is not an American citizen.

The USA is not perfect and has its own share of social problems (like all countries do) but people decide that the tradeoff is worth it for all the good things the USA offers.

[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by danans on Thursday October 26, 2023 @02:33PM (#38029831)
> The USA is truly the land of opportunity. More than anywhere else you alone control your own destiny. The USA has also proven time and again that it is more economically resilient than any other economy out there. There are booms and busts, but the recovery from the busts are always strong and do not stagnate for extended periods of time.

It's not limited to economic opportunity. The US also offers people the opportunity to make the US better through our democratic process.

[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by olddustytrail on Thursday October 26, 2023 @02:54PM (#38030155)
Is it because poor Americans can't afford to move to Europe even if they would be better off, but wealthier Europeans can emigrate to the USA where they will definitely be better off?
[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by __turbobrew__ on Thursday October 26, 2023 @03:06PM (#38030304)
Possibly, the USA is a good place to be rich and not so good of a place to be poor.
[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by parineum on Thursday October 26, 2023 @05:28PM (#38031922)
Assuming some place in Europe would take them, which I suspect is the larger barrier along with language.

Countries with extensive social programs for the poor typically aren't the easiest places to immigrate.

[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by olddustytrail on Thursday October 26, 2023 @06:13PM (#38032379)
Neither of those would be barriers if they had plenty of money to move to Europe.

That's kind of what "can't afford" means.

[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by parineum on Thursday October 26, 2023 @06:18PM (#38032425)
"Can buy a plane ticket" is pretty different from "Is affluent and skilled enough to not be a net negative to social programs".
[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by olddustytrail on Thursday October 26, 2023 @06:22PM (#38032449)
I like your enthusiasm but you don't become an EU citizen just by buying an air ticket. :)
[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by nradov on Thursday October 26, 2023 @07:13PM (#38032845)
Well you can probably become a de facto EU permanent resident by buying a ticket on a smuggling boat. EU member states don't actually deport many undocumented immigrants regardless of what the official immigration laws say.
[ Parent | on HN ]
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by parineum on Friday October 27, 2023 @02:17AM (#38035253)
That's the point I was making...
[ Parent | on HN ]