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July 28th, 2017 12:48 pm
Image of the Day: Almost All European Nations Would Be Poor U.S. States
Posted by Timothy Lee Print

From the Mises Institute, a helpful corrective to the strangely persistent myth that life is better in Europe than the United States.  As this graph demonstrates, if European nations were U.S. states, almost all of them would be poor ones.  That also includes Canada, Japan, Australia and New Zealand.

Most European Nations Would Be Poor U.S. States

Most European Nations Would Be Poor U.S. States

Only three nations – Switzerland (which notably has no minimum wage), Luxembourg and Norway – exceed the U.S. median income, and keep in mind that doesn’t account for the far lower cost of living (i.e., purchasing power) in the U.S.  Something to keep handy the next time Bernie Sanders speaks of overseas utopias, or friends on social media instruct us all on some better way of living, as Merle Haggard would say.

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