While the American rentier class is outpacing global peers,
a New York Times analysis shows that across the lower- and
middle-income tiers, citizens of other advanced countries have received
considerably larger income raises over the last three decades. Mind you, while the report suggests that the majority of Americans made more than their European counterparts thirty years ago, it must be noted noted that their ancestral cousins have long enjoyed the extensive benefits & security of a much stronger well-established welfare-state (though significantly diminished from recent neoliberalization, before & after the crisis of the Euro).
The numbers, based on surveys conducted over the past 35 years, offer some of the most detailed publicly available comparisons
for different income groups in different countries over time. They
suggest that most American families are paying a steep price for high
and rising income inequality. Although economic growth in the United States continues to be as strong
as in many other countries, or stronger, a small percentage of American
households is fully benefiting from it. Median income in Canada pulled
into a tie with median United States income in 2010 and has most likely
surpassed it since then. Median incomes in Western European countries
still trail those in the United States, but the gap in several —
including Britain, the Netherlands and Sweden — is much smaller than it
was a decade ago.
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