Comments by "Geoff Lepper" (@geofflepper3207) on "Why Europe’s Economy is Doing Better than You Think" video.

  1. What no news story has explained is that Canada's GDP per capita should have been expected to fall as most of the rapid rise in population was due to a vast increase in the number of temporary residents coming to Canada - temporary residents who would be expected to have low levels of income. There has been a massive increase in the number of foreign students who generally are working very limited hours and getting paid minimum wage.. There were also a significant number of "temporary" Ukrainian refugees who came to Canada. Given that before 2022 Canada had the most people of Ukrainian background in the world outside of Ukraine and Russia Ukrainians felt comfortable coming to Canada. But refugees are still often going to struggle to get established in a new country and likely will be making less money than other people in Canada. There was also one year in which Canada accepted more regular refugees for permanent residence than any other country in the world even though the United States has eight times the population of Canada.. Many of those refugees struggle to learn English which obviously makes it difficult to get a job.
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  2. Always take American GDP per capita with a grain of salt. Americans spend much more on health care with poor results and a relatively short life span, spend a huge amount of money incarcerating other Americans and spend a vast amount of money on the American military. They also spend a significant amount of money on guns with which to shoot each other. And the United States has a significantly higher income disparity than does Europe. One extreme example is the state of Louisiana which appears to have a high GDP per capita but is a state in which the average person is relatively poor by multiple measures because a lot of the income in the state goes to large corporations. Plus of course there are other reasons why one would not want to live in the United States. The MAGA cult and the American Taliban come to mind.
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