Subject: Re: How Capitalists Destroyed Capitalism
By median household income (PPP) — AKA money in the typical family’s pocket — the U.S. still ranks ~#2 in the entire OECD.
If I am not greatly mistaken, median household net income at PPP after tax, transfers, and health care costs is considerably higher in Canada than in the US.
Without a doubt the US has a higher average household income--but that's mainly because it has a bunch of resident plutocrats. Good for them, and I don't begrudge them their success, but the typical Joe does better in Canada. Median household net wealth is a little shy of twice the US figure at current exchange rates. An even bigger ratio at PPP.
Can't ignore skew.
Or plutocrats : )
Jim