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**FuXA8nQM** · 01-14-2008, 04:53 PM

A couple of notes.

First of all, the article seems to be comparing nominal GBP/USD amounts of GDP per capita.

1. This does not take into account (glaring) price differences and
2. GDP per capita is a pretty poor measure on quality of life once you are talking about small differences at the upper end (it’s a good proxy if you are going from, say, 10K to 20K).

MidtownGuy wrote:

“…most Europeans have a much better life than Americans.”

Not by all measures, surely.

“They have [better food], better vacations, better urban spaces, better nightlife, better education, better everything!”

Arguably true, though not sure about the nightlife or education, overall.

investordude wrote:

“…but middle income people can get a big house and a life similarly rich people in Europe can hardly imagine.”

Where? In some culturally/culinarily/urbanistically wasteland of nowhereness?

“though Americans think New York dining is expensive, its cheaper than comparable places anywhere in Europe.”

No. London, maybe. Certainly not southern Europe. How can you even think that is the case, man?

01-14-2008, 04:53 PM	#10
FuXA8nQM Join Date Oct 2005 Posts 586 Senior Member	A couple of notes. First of all, the article seems to be comparing nominal GBP/USD amounts of GDP per capita. 1. This does not take into account (glaring) price differences and 2. GDP per capita is a pretty poor measure on quality of life once you are talking about small differences at the upper end (it’s a good proxy if you are going from, say, 10K to 20K). MidtownGuy wrote: “…most Europeans have a much better life than Americans.” Not by all measures, surely. “They have [better food], better vacations, better urban spaces, better nightlife, better education, better everything!” Arguably true, though not sure about the nightlife or education, overall. investordude wrote: “…but middle income people can get a big house and a life similarly rich people in Europe can hardly imagine.” Where? In some culturally/culinarily/urbanistically wasteland of nowhereness? “though Americans think New York dining is expensive, its cheaper than comparable places anywhere in Europe.” No. London, maybe. Certainly not southern Europe. How can you even think that is the case, man?
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