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Article #870

Standard of Living

#870
From: Walter Bright
Date: Tue, 26 Jan 1993 18:52
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A previous poster stated that the UN decided that Canada had the highest
standard of living.

I have done a little digging, and came up with a report from the Organisation
for Economic Co-operation and Development (OECD). It is a group headquartered
in Paris that studies industrialized countries, and is noted for objectivity
in its reports.

They studied standard of living based on Purchasing Power Parity (PPP), an
approach that adjusts for things like relative price differences and the
volatility of foreign exchange rates.

Anyhow, they rank the US significantly higher than anyone else, in fact, about
20% higher than the nearest competitor (Canada). The other rankings were:
Switzerland, Luxembourg, Iceland, UK, Japan, France, Italy and Belgium in
that order.

Interestingly, Germany wasn't in the top 10, this maybe due to the deleterious
effect of trying to absorb the ex-socialist DDR.
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From: bright@nazgul.UUCP (Walter Bright)
Newsgroups: pnw.general
Subject: Standard of Living
Message-ID: <1595@nazgul.UUCP>
Date: 26 Jan 93 18:52:16 GMT
Distribution: pnw
Organization: Zortech, Seattle
Lines: 19