alt Hacker NewsThat isn't a coherent argument; the latter does not support the former. The median American has a lot of money and disposable income compared to almost any other country.
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I’m tired of people saying this. I was in Taipei recently and had to do a reality check, because obviously, the exchange rate means the food seems cheap, but I checked again against local incomes, and yes, it turns out: Taipei has abundant cheap food relative to local incomes, beyond the wildest dreams of most American cities.
Americans need to stop telling ourselves this lie. We get so little for our money compared to other countries, and we should be furious.
Look at the US median and consider again how many times that figure your own salary is.
And then ask your if that person on the median salary has a lot of disposable income?
They might be richer than someone in a poorer country, but the median in the USA, is not rich _in_ the USA.
Yes, lots of money and no taste.
And by lack of taste I don't mean McMansions. The entire country is a little bit of a corporate dystopia. It's the end result of capitalism running with very little restraint. Sure, lots of people make great paycheques. But cities look and feel like crap, lack good mass transit, lack human scale, public education is on the ropes, healthcare is rationed according the level of wealth rather than need and people make individual choices that are just textbook cases of the Tragedy of the Commons. Good (at least in the short term) for them individually and disastrous for the society as a whole.
A lot of money, but disposable? HCOL takes up the slack in so many cases.
America is in a weird situation where people have a lot of money in terms of the number and it converts well to other currencies. But it feels worthless within American borders.
An American can get a very sad and bad sandwich for about $20 in a mid sized American city. They can get a full meal with fresh ingredients in most of the rest of the world for $10 (no tip either). Some places even under $5.
An American can rent a dump in a high crime city for $2000 a month. They can get a nice home for $500 a month in many other countries.
An American can pay hundreds a month for health insurance that rejects their claims and covers absolutely nothing, resulting in a medical bill of tens of thousands of dollars. Medicines can cost thousands as well. They can pay out of pocket for treatment in another country and it'll cost hundreds, and medicine will cost a few bucks.