EFTA01074475.pdf

MIT BUSINESS 15 Ways The United States Is The Best (At Being The Worst) Maxwell Seriatim.: 10/29/2013 We hear it all the time, from every corner of the political sphere: There's no other country on the planet quite like the United States of America. Such pronouncements are typically of the rah-rah variety, and it's indisputably true that this country is exceptional in a large number of ways. But that is not always necessarily a good thing. Here's what we mean: The U.S. joins Lesotho, Swaziland and New Guinea as the only countries in the world not to mandate paid leave for mothers of newborns. Sotuce: International Labour Organization THE HUFFINGTON POST Wage of 9 EFTA01074475  We're also the only "advanced economy" that doesn't require companies to give workers paid vacation. Working days 35 Paid holidays • Paid vacation 10 25 11 1 8 15 30 2$ 9 24 10 20 20 20 10 10 0 LL Sourcc antes for Economic Polky and Research THE HUFFINGTON POST We don't even guarantee workers paid sick days. Calculations are based on paid sick leave guaranteed to workers facing five days of missed work for the flu or a cancer treatment requiring SO missed days. Days paid sack leave for • 50-day cancer treatment ❑ 5-day flu 44 Germany 29 Italy I 28 Japan 0 24 France 22 Canada 15 Switzerland Australia United Kingdom United States Source: Cann for Economic Micy and Research THE HUFFINGTON POST 2 age of 9 EFTA01074476  We spend the most per student on education, but outcomes aren't great. Expenditure per student, all education levels, in U.S. dollars $15,171 $10,878 $10,596 $10,182 L $2,993 L- ©•1 United States United Kingdom Japan France Mexico Average student performance on the OECD's Programme for International Student Assessment (PISA), age 15 Japan 529 United Kingdom 500 France 497 United States ► 496 Mexico 420 Source. OECD THE HUFFINGTON POST We spend more on our military than any other country. Five countries with the highest military expenditures, in billions of U.S. dollars S $166 $90.7 $60.8 $59.3 China Russia United Kingdom Japan Source: Stockholm International Peace Research Institute THE HUFFINGTON POST Wage of 9 EFTA01074477  We export more weapons than any country in the world. Percentage of export market share us",:ds ES ES EVID ES ES ES ES ES ES ES Nib MI IS ES Deb Mb DUD IS Nil 30% NI ES IS ES NI DMPallIP a Pa PaS Russia ES IS IAD ES EIND ES ES ES ES IS DI EAPa Pa P:AIDIPNIPa31 IS ES ES Eall ES ES 26% Germany ES IS ES E* ES 7% France ESQ ES DIM ES ES IS 6% China NO ES ES ES 5% Source. Srockholm low/national Peace Research ',minire THE HUFFINGTON POST We incarcerate more of our population than any other country. Number of prisoners per 100.000 population United ie•%nnflnd States 716 Cmmr‘mmrimmr‘mmr‘mmr‘mm7 — 527 Rwanda VP gall VVVII Cuba Cso li sd es r ditra 510 dab Russia Ca a a a= 490 V %air V El Salvador CS I Sela rl an 425 Azerbaijan ICS= eeth I i 407 d I % Panama CS Sim I 392 ga Sourer: Worldwide: InimixionalCenue (or Prison Audio M of Maim 2013 THE HUFFINGTON POST Maga of 9 EFTA01074478  No other country has nearly as many guns as people. Number of guns per 100 people Switzerland Italy 45.7 11.9 Russia 8.9 Australia States 15 %BS/ France 31.2 111 Japan 0.6 Sources:: UNODC, Small Arms Sung. Guardian Datablog, WInhinves THE HUFFINGTON POST Americans consume more calories from sweeteners 621 on average each day than 595 anyone else in the world. 564 448 351 261 Calories 227 125 86 III • 211 0 I. • 2 02 Soong:Crag Slew Group THE HUFFINGTON POST Slaage of 9 EFTA01074479  We also consume the most calories—a whopping 3770 on average a day. Americans consume about twice as many calories as people in Haiti. Source: Food and Agriculture Organizations of the United Nations THE HUFFINGTON POST The United States spends more on health care than $8,508 other industrialized countries. (17.7%) — Per capita spending (Percentage of GDP) $5,669 $5,643 (9.3%) (11.0%) $5,099 $4,522 $4,448 4 (11.9%) (11.2%) (10.9%) $4,118 ril'439%) $3,925 $3,800 (11.6%) (9.5%) $3,405 (8.9%) $3,182 (9.4%) (10.3%) A Netherlands E -O Zg t I $1. E2 Notes: Dan is from 2011 or neuest year. Netherlands spending measured as THE HUFFINGTON POST current expenditure. New Zealand numbers exclude investments. Source: OECD Health Data 2013 6IPage of 9 EFTA01074480  Prescription drug costs are just one reason health care costs so much. Cymbalta costs 2012 Lipitor costs 2012 $200 $160 S176 $124 $150 $120 1 $100 584 580 $70 548 $43 $39 $47 $48 $50 $40 $13 0 • E es ▪c .t. c E 2 n c 73 c D tL D es D in D En :z 0 Sie < `E Source: International Federation of Health Plans. 2012 THE HUFFINGTON POST More babies die the day they are born in the U.S. than in any industrialized country. First-day mortality rate (per 1,000 live births) United States 2.62 Canada 2.4 Switzerland 2.2 Latvia 2 Australia 1.55 1.5 2.5 3 Source: Save the Children THE HUFFINGTON POST Mage of 9 EFTA01074481  We're the best at creating super-rich people, at the expense of everyone else. Ultra high net worth individuals in selected countries, 2013 Sweden • Hong Kong • • 550M-S100M Korea • • S100M-S500M Turkey • ■ $500M-S113 Spain • MI More than SIB Taiwan • Brazil • India • Russia IN Australia IN Canada Italy MO France l= Japan =I UK MI Switzerland Germany China U.S. 0 10.000 20.000 30.000 40.000 50.000 Source: Credit Suit& Research THE HUFFINGTON POST Inequality in the U.S. is the worst in the industrialized world. Changes in top income shares and top marginal tax rates since 1960 (combining both central and local government income taxes) ••••• 0 10 • U.S. • 8 F I 6 • U.K. • Ireland • I 4 Nonvay • Portugal • Canada • Italy S' 2 •Australia be • New Zealand Denmark Spain • Japan Sweden • ? I: 0 • C _c -40 -30 -20 -10 0 10 Change in top marginal income tax rate (percentage points) Elasticity=.47 (.11) Source Journal of Economic Pomp:craws THE HUFFINGTON POST !Wage of 9 EFTA01074482 The U.S. is in the top left corner in the above chart -- showing how the country stands out when it comes to income gains by the top i percent of earners since 1960. The gains are plotted against changes in marginal income tax rates. The U.S. comes in second (just behind Britain) when it comes to handing these tax breaks out to our highest earners. 9IPage of 9 EFTA01074483