Be More Like Sweden? No Way!
|If Sweden were to join the U.S. as a state,|
Sweden would be poorer than all but 12 states.
Various studies have attempted to show this is not true. Last year there was a study in the UK Spectator that argued that Britain was poorer than any U.S. state other then Mississippi. Many criticized the article because it used GDP per capita. It is possible that a few very rich people could skew the numbers.
Ryan McMaken (Mises Institute) decided to pull together data using median income in order to avoid the criticisms cited against other studies. Here is what he found.
If Sweden were to join the U.S. as a state, Sweden would be poorer than all but 12 states. Residents in states like Colorado, Massachusetts, Virginia, Washington, and Utah have considerably higher incomes than Sweden. Denmark has a median income below all but 13 U.S. states.
Mississippi has a higher median income than 18 countries. The Czech Republic, Estonia, Greece, Hungary, Ireland, Italy, Japan, Korea, Poland, Portugal, Slovenia, Spain, and the United Kingdom all have median incomes below every single American state.
When you look at the data and charts, you can only come to one conclusion. We shouldn’t be trying to be like Sweden or other European countries. They should be trying to be like America.
Kerby Anderson is a radio talk show host heard on numerous stations via the Point of View Network endorsed by Dr. Bill Smith, Editor, ARRA News Service
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