Comment by bryanlarsen
6 hours ago
Europe has been "stagnating" at about ~80% of American productivity levels for decades now. However, if your reference is growing and your ratio is roughly constant, that means you are growing too.
6 hours ago
Europe has been "stagnating" at about ~80% of American productivity levels for decades now. However, if your reference is growing and your ratio is roughly constant, that means you are growing too.
I don't mean compared to the US but in absolute GDP numbers.
States are more in more in debt and what was once a great social system in most EU countries is slowly moving to privatisation and higher costs like the US.