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Your point is well-taken: social exclusion in Europe has increased in the past 30 years, it has just taken different forms, like more long-term unemployment in some countries, especially for younger workers. I never meant to deny that both the European and the US economies have their problems

It's still true, though, that wages have risen faster in Europe relative to the U.S., and income and wealth distributions are much more equal in Europe. Economic mobility is higher on the continent than in either the US or the UK. The well-paying jobs of the manufacturing base are much better preserved on the continent. If you're poor or lower working/middle class, you're better off in Europe than in the US.

by TGeraghty on Fri Jul 1st, 2005 at 03:34:11 AM EST
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