I have previously written about the fact that the U.S has higher average income than European countries. This is not only due to the rich earning more. The U.S also has higher median income than most European countries. Here is median income in PPP adjusted dollars in the "mid-2000s" by the OECD.
I should warn that estimates of median income are much less reliable than GDP per capita.
1 Luxembourg (35.200)
2 United States (27.768)
3 Switzerland (27.228)
4 Norway (27.098)
5 Netherlands (25.876)
6 Canada (25.507)
7 Austria (22.916)
8 Denmark (22.796)
9 UK (22.306)
10 Ireland (21.402)
11 Iceland (21.317)
12 Australia (21.068)
13 Finland (20.915)
14 Korea (20.892)
15 Japan (20.879)
16 Germany (20.586)
17 Belgium (20.388)
18 Sweden (19.895)
19 France (19.047)
20 New Zealand (16.798)
21 Spain (16.456)
22 Italy (16.140)
23 Greece (15.996)
24 Portugal (11.927)
25 Czech Rep. (10.760)
26 Hungary (8.714)
27 Slovak Rep. (7.838)
28 Poland (7.326)
29 Mexico (4.350)
France, which Social Democrat Bruce Bartlett thinks is a pretty positive role model for America, has a median income 31% lower than the U.S. Do you think the median American would voluntarily reduce his or her standard of living by 31% to get "better restaurants; and greater income equality"?
Not only does the educated class do much better in the U.S compared to Europe, the median earner are also better of here.
But why let objective facts stand in the way of leftist theory?
No comments:
Post a Comment