> median income, France and USA don't seem far apart 16K vs 19K
After taxes and healthcare, adjusting for instability, the median European worker is better off. The top-performing American, on the other hand, is far better off than their European counterpart*. This is the design. Immigration + better life for the ambitious at the cost of a worse life for the median. It’s a recipe for brain drain and it works, though we must be honest at what cost.
Sure, it’s a stochastic process. But it’s also not stationary. Providing an agglomeration incentive for those who believe they have non-stationary characteristics is a valid strategy.
After taxes and healthcare, adjusting for instability, the median European worker is better off. The top-performing American, on the other hand, is far better off than their European counterpart*. This is the design. Immigration + better life for the ambitious at the cost of a worse life for the median. It’s a recipe for brain drain and it works, though we must be honest at what cost.
*non-aristocratic