A reader called shenanigans on my last post. While likely that the average salary in the United States is higher than the average salary for the rest o the world, what can someone in those countries purchase with that salary. Is there a measure by which we can gauge “quality of life”?
The answer is “Yes”.
Check out the most commonly used measure:
We have the GDP PPP per Capita rankings here:
Still doesn’t look good for China, India, Russia and Hungary:
|Country||PPP per Capita||%Income on Food at home|
I even added another column. % income spent on food. Again, it’s not even close. In fact, American’s, ALL AMerican’s, have never had it so good after we pay for food, clothing and shelter than we have it right now.
Further, compared to the rest of the world, and JUST the wealthy world, look how America rates:
After all is said and done, America is the richest nation ever. Our citizens have more wealth than even the world’s richest had 100 years ago. Never in the history of the world has a people been so economically blessed as when they enjoy maximum economic Liberty.