| >>Have you asked those workers? you clearly did not understand my statement. I would specifically not get the accurate results by "asking the workers" as my claim is about revealed preferences, not stated preferences [1]. There are alots of things people claim to value when you ask them, but releval they really dont when to enter the marketplace. For example "Made in America".. people often claim they would happily pay considerable amounts more for a product if ti was "made in America" but then when presented with options they mostly choose the cheaper product regardless of where it is made revealing they do not place that much value in the nation of origin. Similarly people often claim they want more time off, however their reveled preference by looking at their actions tell a much different story. >Again, that is a very American thing, too yes, it is and given we are talking about an American Company, American Unions, and American Retail stores I think talking about American work culture is relevant. People from Europe have never, and likely will never understand it, and people from American have never and will never understand Europe work culture. Personally though I am tried of Europeans being arrogant enough to claim their way is the correct, proper and only way, and that Americans are all being taken advantage of, abused, etc because we do not get 150 days off a year and do not allow our government to control our health........ >>Of course you'd take increased wages instead of anything just because there are little to no saftey net anywhere to guarantee that your vacation time won't end up in a horrible unrecoverable disaster of some sort. While that may be true for some people, allow me to give my privileged position as an example. I created my own Safety net. I am more or less debt free, I own my home, I have enough in liquid assets to cover my expenses for a year, I have enough in less than liquid assets to cover me for a few years... I still will take increases in pay over more time off, I am just not interested in time off. I probably will continue to work well past the time I am able to financially retire.. I am not unique in America As to more general safety nets... It is untrue that America lacks any safety nets for people. One of the most often cited negative about America by Europeans is actually one of those safety nets. Bankruptcy, which contrary to both international and domestic stigma is does not leave one destitute, homeless or anything of the sort and has LOTS of protections for people built into the system. Then there are TON of government programs for Poor people. In reality is the working lower middle class that have it the worst, people above the 25th percentile of income, and below the 75th percentile of income. Those are the struggling Americans. [1] https://www.investopedia.com/terms/r/revealed-preference.asp |
Ah. The American arrogance shines through. "Government controlling health" and "these lazy Europeans with their 150 days of vacation".
> allow me to give my privileged position as an example. I created my own Safety net.
So, double arrogance.
> It is untrue that America lacks any safety nets for people. One of the most often cited negative about America by Europeans is actually one of those safety nets. Bankruptcy
This is not a safety net. It's the last resort. And yes, Europe has laws around bankruptcy, too.
> Then there are TON of government programs for Poor people.
I don't want to become poor before safety nets kick in. I don't want to be beholden to my employer for my medical insurance. I don't want to have only 10-14 days on average to spend time with my family or with my kids. Etc.
Oh, sorry, that's my European arrogance talking.
> In reality is the working lower middle class that have it the worst, people above the 25th percentile of income, and below the 75th percentile of income.
According to various models, it's anywhere from 30% to 45% of people, with actual numbers probably being worse: https://www.hamiltonproject.org/assets/legacy/files/download...