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by CyanBird
2488 days ago
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>The World Bank[1] says in 2018, US GDP per capita was over $62K while the EU was under $37K This is meaningless because it is not normalized, the EU has a higher purchasing power parity than the US which is what your average citizen truly cares about https://www.pewresearch.org/fact-tank/2017/08/09/few-see-eu-... Post-Hard Brexit it will probably change, EU PPP has already been damaged by the current Brexit scandals, and the last few years of increased US Dollar interest rate has increased relative US PPP, but because of income inequality those financial changes aren't really transferred to the everyday US citizen Also, the difference in raw incomes is mostly based of the so called "Exorbitant Privilege" the US has for having its currency be the default world reserve currency, it is quite easy to understand when one comprehends that the US central bank basically "prints gold", and that like ~60% of all international transactions are done abroad but with the US dollar as transaction medium |
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I find it rather unbelievable that things are cheaper in Europe. A few years back, I used to work for a multinational, which opened an office there, and some people I knew went and at least one or two stayed, which lead me to idly consider the idea of being an expat, and my cursory research indicated salaries are lower and the cost of living is higher.