US Middle Class is losing ground to Canada
Bloomberg published the following article. Do you think this is true? Please share your thoughts. https://www.bloomberg.com/opinion/articles/2019-08-29/america-s-middle-class-is-losing-ground-to-canada-s
Yes. It is hard to feel like you are getting ahead and saving for retirement and your familyās future on anything less than a tech salary.
You can only survive in US with FANG TC. I have 140K TC and I'm starving.
Fake news
If you are poor and you vote republican, well I dont feel sorry for your dumbass
Average Canadian has been better off than the average American for a loooong time. The purchasing power only is a recent development, but universal healthcare has made an enormous difference for the middle class. In the US they struggle with medical bills, in Canada it's a complete non issue.
This ^
And the price of medicine and medical procedures?
As an immigrant you donāt feel welcome here... so yes, i believe it...totally...Trump is an embarrassment for this country
For a tech/banking/finance job US >>>>>Canada For everything else Canada >>>>> US Healthcare and student loans is the main differentiator.
Defense related stuff are better in the USA too.
Itās simple merit based immigration starting to work for Canada. Among the US immigrants only 25% have the bachelors while itās 55%+ in Canada. However, Canada doesnāt get the capitalism correct. If they can fix it theyāll rock in next two decades.
Were you not alive during the Great Recession? When Canada rocked it and the US faltered. Methinks you not understand capitalism
During the Great Recession oil prices were high, hence Canada escaped with relatively less issues. The same is true for Middle East.
Itās easier to grow when your economy is smaller. š¤·š»āāļø
There's so much more complexity to the middle class than just household income that the opinion piece skips, not that I'm denyi the middle class is hurting. Are there differences in typical household size? What about unskilled immigrants that Canada filters out? What about retiring boomers moving to fixed income, but are extremely high wealth? Does this metric account for net worth, which may be skewed in Canada by its real estate bubble? Also who let in the HuffPo/Yahoo News riff raff here goddamn.
It's always been true that the middle class in Canada is better off. The US has always been better for the wealthy, while Canada has always been better for everyone else. Even when the median income was lower in Canada the quality of life was always higher for the middle class. Better healthcare, less crime, better schools, home ownership, etc. In the US you need to live in a rich neighborhood or pay for private school, at which point you can do better than a typical Canadian public school that the average person sends their kids to in Canada. For the average person the Canadian system is better. Same story on healthcare. Etc.
The MAGA rednecks and the stupidifying of US is one aspect.
They won't even be able to read this.