Comment by general1465
7 hours ago
> EU regulation makes other things expensive and inefficient (like the labour market, housing,
Unlike the US, where federal minimal wage remained flat since 2009 or where Black Rock is buying all available housing to keep the prices as high as possible.
The real minimum wage is also stuck in many parts of Europe relative to 2008. For example in Spain the average salary didnt increase adusted to inflation.
The blackrock thing seems like a myth, but private entities are also buying housing en masse in Spain for exammple
"remained flat" and "remained flat when adjusted for inflation" are two very different things.
The minimum wage doesnt mean much in general, many European countries either dont have it or recently instated it (Germany). What matters is the Median and quintile salaries in which, the US fares much better anyways
Many other countries have official minimum wages and a big % of people working black, unreported because the minimum wage is to high relative to the average (Spain, Greece, Italy)
US median wages are higher than most of Europe, especially when adjusted for cost of living: https://ourworldindata.org/grapher/median-income-after-tax-l...
Regarding BlackRock, I'm disappointed to see what appears to be populist misinformation on HN: https://www.investopedia.com/no-blackrock-isnt-buying-all-th...