Re:How America Became an Economic Superpower
by learc83 on Thursday December 25, 2014 @03:17AM
(#8795801)
While wages for the middle class have been somewhat stagnant for a while, I think your use of "exceedingly poor" is completely without merit.
There are only 3 countries in the world (Luxemburg, Switzerland, and Norway) with a higher median household disposable income than the U.S. (using PPP) [1].
Obviously this doesn't tell the whole situation since most of Europe provides more government services, but the U.S. also has a lower tax burden (which isn't fully taken into account in disposable income because of VAT).
There are only 3 countries in the world (Luxemburg, Switzerland, and Norway) with a higher median household disposable income than the U.S. (using PPP) [1].
Obviously this doesn't tell the whole situation since most of Europe provides more government services, but the U.S. also has a lower tax burden (which isn't fully taken into account in disposable income because of VAT).
[1] http://en.wikipedia.org/wiki/Median_household_income