pull down to refresh
11 sats \ 1 reply \ @Undisciplined 2 Apr \ on: Canada is much worse-off than you can imagine econ
The most shocking realizations I've had since finding Stacker News are how much poorer Canada and Europe are than the US.
I recall, not so long ago, when they were poorer, but comparable. I had an estimate in my head of around 75%, which could be a reasonable tradeoff for various quality of life considerations.
The reality seems to be that Americans are more like 2x as prosperous as our western "peers". That's insane, especially considering how much dumb counterproductive stuff the US government does.
I was not really paying too close attention at the time, I probably would have thought around 2010-2011 that things were looking pretty good, judging from the cad/usd historical data.
not sure what was happening gearing up to the decade of liberal tyranny to cause that.
reply