Financial Times
US life expectancy is in freefall as the young and the poor bear the brunt of struggles for shared prosperity.
I’m not sure people on my side of the Atlantic fully appreciate quite how much better off the average American is than the average European. A car-wash manager in Alabama can now earn $125,000, about 50 per cent more than the head of cyber security at the UK Treasury even after accounting for different living costs. And this isn’t just another reflection of British stagnation — from the middle of the income distribution upwards, US households have streaked ahead of every country in the developed world over the past decade.
https://www.ft.com/content/653bbb26-8a22-4db3-b43d-c34a0b774303
Twitter thread:
US life expectancy is in freefall as the young and the poor bear the brunt of struggles for shared prosperity.
I’m not sure people on my side of the Atlantic fully appreciate quite how much better off the average American is than the average European. A car-wash manager in Alabama can now earn $125,000, about 50 per cent more than the head of cyber security at the UK Treasury even after accounting for different living costs. And this isn’t just another reflection of British stagnation — from the middle of the income distribution upwards, US households have streaked ahead of every country in the developed world over the past decade.
https://www.ft.com/content/653bbb26-8a22-4db3-b43d-c34a0b774303
Twitter thread: