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Do you have any statistics? It is certainly my impression real wages have gone up a lot in Europe for the last two decades: they certainly have in Sweden and the rest of Scandinavia, and absolutely in all the former WP states. They have exploded in the periphery. They have been flat in Germany for one decade, for political reasons. I have a feeling they have moved up in places like France, Benelux, Austria, Switzerland etc as well.

The US is a political basket case where the middle class has deliberately been squeezed by Goldwaterite crazy movement conservatism for decades, so it's a special case which doesn't apply to Europe as a whole.

Even if this weren't true, I don't think we can just off-hand dismiss the extreme reduction of poverty for a few billion Asians as no "net-gain"...

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Fri Dec 24th, 2010 at 07:18:46 AM EST
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