BadTakeAbove
Re:One million cancel broadband as living costs rise (UK)
on Thursday May 18, 2023 @02:27PM (#35992112)
Not really. You have to compare the equivalent rarity between the two countries. He's describing a 99th percentile income in the UK. The 99th percentile income in the US is $350K. It's not even close.
https://www.visualcapitalist.com/cp/charting-income-distribu...
Re:Apple is bigger than almost any stock market in the world
on Thursday May 11, 2023 @03:49PM (#35907516)
Regulations stifle anything that deals with consumers directly.
Re:Apple is bigger than almost any stock market in the world
on Thursday May 11, 2023 @03:42PM (#35907401)
You aren't in a bubble, there just aren't many. There are tech companies but they're largely copies of US companies built for the local market (DoorDash -> Deliveroo, Uber/Lyft -> Bolt, etc). Europe has twice the number of people so there should be twice the number of notable companies but it's a small fraction instead.
The US has a history of innovation and a culture of ambition, drive, and seeking financial independence. Europe is more concerned with regulation and bureaucracy.
Re:Apple is bigger than almost any stock market in the world
on Thursday May 11, 2023 @03:21PM (#35907106)
The US median wealth and income (PPP adjusted) is at or near the top. The 75th percentile is significantly higher than all other countries because educated knowledge workers are building products that are used by the entire world.
Re:Apple is bigger than almost any stock market in the world
on Thursday May 11, 2023 @03:15PM (#35906984)
Maybe somewhat, but mostly it means that the US is an economic powerhouse with a lot of companies that provide global value (see: basically every tech company).