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bigfudge
729 days ago
The median EU citizen is not getting poorer relative to the median US citizen. Don't confuse growing income inequality with "national wealth".
1 comments
hartator
729 days ago
GDP per capita of EU used to be higher than the US.
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mariusor
729 days ago
And then poorer countries joined the EU. I'm not an economist but I think that's how it's supposed to work.
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rsynnott
729 days ago
I'm not sure that's ever been true on PPP? It may have been on a nominal basis from time to time due to a weak dollar (1 EUR hit 1.60 USD or so during the financial crisis), but that's of limited interest for the average person.
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