This is very good info, most US /EU comparison studies are US centric. And any comparison between these two, although interesting, is too different. This article compensates the difference by using Purchasing Power, finally.

But in this article, and this still bites me a bit, they are still comparing the US universities according to the US ranking and the Times ranking, in which they score lower. Other articles comparing education, state clearly that the standards for US/ EU education quality are different.

Also flinging in China's economy as a third party for comparison, won't help us much. The WTO ( iirc) just accepts any output figure Beijing gives them, but there is no accounting for it.

So let's keep this quality studies and info rolling, and see how it can enlighten us.

Added:

● par 2:" Frustrated with current university rankings – mostly commercial ventures that give greatest importance to research – the European Union is backing a new form of listing." link euroactiv 2013

● par 3:" How to measure China’s true economic growth? Mr Li confessed that the province’s gdp figures were “unreliable”. link economist 2023

I had an argument with some blog poster here recently, who tried to compare the US and EU based on how neoliberal the economic policies are. But the difference in economic growth was then attributed to these policies, ignorinh the underlying structural factors.

Unfortunately i rarely see articles like this one, that adresses the structural aspects. Overall population and working population are key factors to economic growth. The US population grew siginificantly over the past two decades, while European populations only grew minimally or stagnated.

If the reactionary and liberal politicians in the EU blame the overall slower growth of the economy compared to the US on labor rights, social systems or public companies they deflect from how their restrictive immigration policies are the main factor why the US can grow faster economically.

All this is to say employee pay rise is some 15 years overdue.

I get the impression that the young people in the West are, in general, poorer than their parents were.