Loading ...Australia’s Standard Of Living
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The luck still hasn't run out if you're average
“Compared to Americans, Australians work less, earn more, own multiple homes, surf, and travel abroad regularly. Australia is not the Lucky Country. It’s the We’ve-Got-It-Made Country.” Doug Knell, Doug’s Republic
When Australian writer Donald Horne wrote The Lucky Country in 1964, he was not complimenting his native land. He meant it ironically. Horne wrote that “Australia is a lucky country, run by second-rate people who share its luck.” More clever nations created wealth using innovation, technology, brains. Australia’s economic wealth came from whatever valuable minerals it dug out of its soils and mines.
I marveled when I was in Australia how Australians didn’t seem to work as hard as the people back home in America, yet they all seemed to own at least one home, were likely renting out another, had done ample world travel, were sampling fine wines, and may have only graduated high school. How do the Australians pull this off?
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December 21st, 2011 at 5:25 pm
[...] determine average citizen wealth in countries which have little wealth redistribution, as I discuss comparing the standard of livings in the United States and Australia. But it is a reliable enough gauge to classify nations as developed, developing, or third [...]