You may find this comparison of Europe and the USA interesting. What is your view about the differences? [rwer.wordpress.com]
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Feel free to reply to any comment by clicking the "Reply" button.I would suggest that the people of Europe are very different to the people of USA with regard to culture, ethnicity, and general demeanour.
All these traits feed into a collective ideology and therefore political praxis.
Geoffrey51
Level 8
Nov 6, 2019
1
I’m not sure if “share” of income means much. The meaningful question is whether people are able to earn an adequate amount of goods and services.
There’s a CPA in my neighborhood who earns $20k before breakfast every day.
I’m not getting my “share” of his earnings, but I seem to have the things I need, peanut butter and other groceries, a few clothes, a house, etc.
WilliamFleming
Level 8
Nov 6, 2019
0
“The meaningful question is whether people are able to earn an adequate amount of goods and services.”
I use myself as an example.
@ToolGuy Maybe huge numbers cannot, but this study indicates that on average the rate of consumption is as high for low to mid level earners as it’s ever been.
I do not necessarily accept that at face value. What is a good source of information? I remember well conditions in my area in the fifties, and the standard of living is now higher by far for ordinary people and for those low on the income scale. Just my appraisal.
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