Re:Six Months into Tariffs, Businesses Have No Idea How to P...
by dismalaf on Tuesday September 02, 2025 @01:49PM
(#45106588)
> It certainly does not reflect reality unless you don't count Sweden, Germany, Canada as part of the western world.
Look at this chart: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?location...
Look at the divergence from the US.
Canada's GDP per capita is barely above 2013 levels (~4%), meanwhile the US' is 60% higher. Wages in Canada have been stagnant, there is NO social mobility at all, it's completely fucked.
Where I came up with this statement? Actually knowing things about economics and following the CURRENT numbers. Not a 2017 study (which probably took a couple years and using data from 2015 or earlier) which is completely worthless in 2025.
>Individual studies have estimated absolute mobility rates for recent cohorts of roughly 50% in the US (Chetty et al. 2017), 53% in Canada (Ostrovsky 2017), 70% in Germany (Bönke, Harnack, and Luthen 2019; Stockhausen 2018), and 77% in Sweden (Liss, Korpi, and Wennberg 2019).
From https://www.ifau.se/globalassets/pdf/se/2020/wp-2020-11-tren...