The countries we were being compared to France, Germany, Sweden, Canada, Finland, Norway and Denmark weathered the recession in better condition than the US.gut;1156302 wrote:Are you sure they don't score higher just because their social mobility is mostly downward? Because Europe ain't doing to well - the whole lot of them are becoming poor. But in this jealous and covetous society today, your neighbor doing more poorly makes you feel better about your own situation. That is the pyrrhic victory liberals would claim.
If I may add to Reagan's infamous comment:
A recession is when your neighbor loses his job.
A depression is when you lose your job.
A "recovery" is when your former company goes bankrupt. (it's a fact that people actually measure wealth/success in relative terms).
http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Unemployment_statistics
http://en.wikipedia.org/wiki/Socio-economic_mobility_in_the_United_States
And we have seen increasing number of Americans going downward because of the policies that began with Reagan.