U.S. fell from first to 12th in share of young adults with post secondary degrees

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<p>Actually, the most favorable comparison between American and European incomes is the comparison of per capita income purchasing power parity. That is to say while we earn more nominally than many European nations, we vastly outperform almost all of them in terms of real income.</p>

<p>With specific reference to Canada, Japan, and South Korea (which seem to be the hot topic nations here), America has a per-capita income of $46,400 while Canada, Japan, and South Korea have per capita incomes of $38,4000, $32,600, and $28,000 respectively. Here is the complete list:
<a href=“https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html[/url]”>https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html&lt;/a&gt;&lt;/p&gt;

<p>The United States is still, and for the foreseeable future will be, by far the most productive major power.</p>