this post was submitted on 19 Jan 2024
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The European Union’s remarkable growth performance relative to the United States (www.bruegel.org)
submitted 8 months ago by Blaze@discuss.tchncs.de to c/europe@feddit.de
14 comments fedilink hide all child comments
 

The article chooses to take a metric that you usually do not see much: GDP per employee and per hours worked, at purchasing power standards

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[–] Blaze@discuss.tchncs.de 0 points 8 months ago (1 children)

Definitely true, but valid on both sides of the Atlantic, there were a few articles on !personalfinance@lemmy.ml about cars and houses becoming unaffordable in the US

[–] Justas@sh.itjust.works 0 points 8 months ago (1 children)

That is true for Southern and Western EU, but not for Eastern EU though. I grew up in the 90's. I am already richer than my parents were back then and it is true for almost everyone in my age group that I I know.

[–] Blaze@discuss.tchncs.de 0 points 8 months ago* (last edited 8 months ago) (1 children)

Oh yeah, definitely. I had a Romanian colleague who moved to Western Europe to give it a try. He went back to Romania after a few months, and when he explained me the way he was living there, I couldn't but understand.

[–] Justas@sh.itjust.works 0 points 8 months ago (1 children)

Yep. Some people go to western countries, work a few years and save everything they can to make the initial mortgage payment back home. Western people don't have that option.

[–] crispy_kilt@feddit.de 0 points 8 months ago (1 children)

Sure we do (moving to the East with some capital, I mean)

[–] Justas@sh.itjust.works 0 points 8 months ago (1 children)

Ah yes, welcome to Kalabybiškės, your monthly mortgage payment is 69 euros.

[–] crispy_kilt@feddit.de 0 points 8 months ago

Perfect