As measured by ... purchasing power.
Let's take a look, Safety Index - US 50.8, Belgium 50.6. Health care index - Belgium 75.9, US 67.8, Pollution Index - US 36.7, Belgium 49.2, Climate index - Belgium 86, US 78.5.
As it stands US standard of living is better really only in "you can buy a larger house" (shocking, giving the relative size), and "it'll be slightly cheaper".
Not by any other metric.
It is an insult to the people that founded the country and people that developed science/tech/finance etc. in it. And ofc the space, natural resources and isolation from wars.
Saying US is rich because capitalism is about as accurate as saying it is rich because it is christian
You are talking about entirely different things. Makes no sense whatsoever. You could make your same argument about any economic system. The natural resources are inputs, not the outcome.
What I mean is those factors can obviously effect a country's success. And can be argued that that do much more easier than arguing about religion or ideology.
Similarly it is easier to argue that proper nutrition, sleep, drug usage etc. can effect an athlete's performance very positively. But you would find it much harder to argue on their religion, place they live, how wealthy were their family etc.
As another example I think it is pretty easy to argue that the Jewish scientists going to US because of Hitler was a massive gain for US and a massive loss for Germany. And there are so many concrete factors like this that, all things considered, ideology seems irrelevant in comparison.
You might say "this is all because US is capitalist in the first place". I want to point out how similar this kind of thinking is to the way some religious people think and how inconsequential it is in real world.
Yes. See Norway for example.
https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
I'm sure statistics this and that, but something doesn't translate, sanguine reality is different.
As an extreme example, if Elon got fired from Tesla, I am sure he would be ok. He manages his money well and I am sure he does not think his job at Tesla is some king of God-given lifetime human right. If you are making $250k, a company is not expecting to be your baby sitter. You are a grown man or woman.
An employee needs to manage their economic life without depending on some company to make financial decisions for them. Getting laid off is simply part of life.
If you don’t want to be laid off, you can always start your own company and hire all these people, with your own money of course.
Just because companies are holding layoffs does not mean software engineers are not still making bank.
Take home is about the same after including health insurance and all the myriad taxes that US employees are subject to.
You're right - I was also including all the other taxes - SS/Medicare/Unemployment/State/city etc. For ex: someone living in NYC, with 150-200k would be paying a total effective rate of about 35% (breakdown of 24% Fed, 6% SS, 1.5% Medicare, 9% NYS + 3% NYC). Add in health insurance of around 6% and you're close to what EU employee would take home.
It's hard to imagine that this isn't a larger differentiator than the ability to fire hundreds at will.
Maybe it works out on average but there are distinct pros and cons. On the net you get less job creation, less innovation and on the flip employees have more protection from being fired.
Like, a while back my employer had 10% layoffs, and their most profitable year ever, in the same year. There’s a real reason why that happened, ans the reason is that the C suite seriously fucked up on managing the company’s finances. In a sane world they should be the first to bear the consequences. Instead they got fat bonuses while hundreds of people who had no part in creating the problem lost their jobs. And the moral justification for a society that allows this is somehow, “But isn’t it great that it’s easier for privileged people to play fast and loose like that?” That is, at best, circular reasoning.
Yup, and that way those people should be hired by companies who are in it for the long term and not looking just at the next quarter (and using hiring as a way to deny employees to competitors).
You should start that company and guarantee that you will never lay anyone off.
Will you do it? Why not? Please don't make excuses. If it's easy, you should be able to!
Long term does not mean "never". It just means looking beyond the next quarter and/or hiring based on business needs and not based on hype or a target eps.
because US government is more controlled by business interests than population voting power.
This is not me advocating for either side but it’s one of the reasons most startups exist in a country like the US.
But SW can be much more easily disrupted, and if you can move faster and stay leaner than your EU competitors due to laxer laws, then you will win. SW success is often about time to market, not IP, since a lot of companies and countries can build a Airbnb, a Booking.com, a Spotify, etc there's no rocket science, they dominated because they were first to market but they can also be easily disrupted by other SW companies if they drop the ball and piss off their userbase as the cost of building SW is much cheaper than building an EU machine.
Also, there's a reason people can only name ASML as EU's shining examples but nothing else.
I would add Hetzner as an example that EU labor laws are no obstacle to being competitive with US companies.
Like wich? Does it count that a lot of their shareholders and managers are in the US? Does it count that Apple music can do the same thing as Spotify and that Booking has loads of competitors that do the same thing? They have no technical moat other than being first to the market. ASML does have a moat.
>I would add Hetzner as an example that EU labor laws are no obstacle to being competitive with US companies.
Sure, but Hetzner is a dust spec compared to AWS, virtually irrelevant outside of EU/Germany. They also came to the market much later than AWS once building a hyperscaler became more of a commodity.
One one hand, lax labor laws means you can be first to market and capture most of it before the EU can wake up from their 3 month holiday and decide to pivot but can't because unions are blocking it. See VW.
On the other, Austria has very lax labor laws around firing people, similar to US and they have next to no big tech companies so that's not the entire formula. You also need the VC capital of Sequoia and AZ16 which doesn't exist in Austria, you need the scale which doesn't exist in Austria, the low tax caproate environment which doesn't exist in Austria, and a small government regulatory environment which doesn't exist in Austria.
WHy wouldn't they do that? What type of notice ado you mean in this case?