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Key difference being the social safety nets in place around the jobless and under-employed.

The USA is a continent-sized-country it would be better to list states vs EU countries, which have a considerable spread. Or you could compare the whole of the Eurozone or the whole of the EU with the USA. That would be a better comparison.

I suspect if you had to only count decent jobs, the numbers might look a bit different.

If I lose my job, I lose my healthcare. I only have unemployment benefits for a period of time. We have almost no social safety nets.