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Mac Budkowski ᵏ pfp
Mac Budkowski ᵏ
@macbudkowski
So the US wages seem to be much higher than Germany. But one friend raised an important concern - in Europe, you often have high-quality public education and healthcare. Wondering how the US wages look after you deduct the costs of these two.
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Leo pfp
Leo
@lsn
you can argue healthcare and education all you want you can even argue life quality, safety you can argue anything but none of this explains why European wages have fallen in dollar terms (am curious about domestic real wage growth tho), nor why PPP wage growth has been slower in Europe
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vmark 🎩 pfp
vmark 🎩
@vmark
2010: 1 EUR = 1.4 USD 2024: 1 EUR =1.07 USD That's a pretty solid devaluation in itself.
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