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Politics : View from the Center and Left
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To: TimF who wrote (92708)10/31/2008 1:53:49 PM
From: Sam  Read Replies (2) of 541832
 
Pick any large European country and you'll find their income is lower, and in most cases their unemployment rates are higher.

Purchasing power is a better measure than income, and even that is misleading. And unemployment is measured differently in European countries than the US. Plus unemployment doesn't mean the same thing, given the way the societies are structured. And with the currencies fluctuating the way they have been for the last few years, it isn't easy to get "real" numbers anyway. I think the US was ranked around 12th or 13th when the Euro was much higher than it is today, just last year (in per capita income, that is--obviously the US is far wealthier than any individual country, though not so much so when the whole EC is considered).
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