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Norway's big government, oil nationalized, criminal coddling welfare state has the number one economy in the world but their CEOs make a lot less money.  Here are some statistics from this article.

Indicator                                 U.S.             Norway           Year
Average CEO Compensation      $5.5 Million     $1 Million       2006
Hours Worked Per Year           1,775             1,424              2007
Bond Rating                          AAA+              AAA               2012
Life-Expectancy                     78.5                80.3              2012
Employment Protections        Lowest               6th               2012
Hourly Wage Indicator             112.4             132.1             2011
Unemployment Over 1 Year      32.2%             13.7%           2012
Poverty                                 24.4%             13.3%         Late 2000s
Children in Poverty                 20.6%              4.6%            2008
Educational Deprivation Index    4.8%              1.0%            2006
Infant Mortality                        6.8%             3.1%            2005
Bullying                                11.9%              9.4%           2008
Teen Births per 1,000                  50               9.4              2005
Total Carbon Dioxide           6,802,225          53,896             2010
Obesity Rates                        33.9%               10%            2011
GDP                                         9th               4th              2009
Education Index                       23rd                7th             2007
Reading                                 17th                12th             2008
Math                                      31st               21st             2008
Science                                  23rd               24th             2008

5:49 PM PT: The claim that oil allows Norway to be more democratic (their #1 on the democracy index) and pay for the social welfare is an unreasoned argument.  Chemical products are the leading manufacturing field.[192] The United States is the third largest producer of oil in the world, as well as its largest importer.[193] It is the world's number one producer of electrical and nuclear energy, as well as liquid natural gas, sulfur, phosphates, and salt. While agriculture accounts for just under 1% of GDP,[190] the United States is the world's top producer of corn[194] and soybeans.[195] Coca-Cola and McDonald's are the two most recognized brands in the world. In other word, the U.S. is in a much better position to make money that Norway is.  Another unreasoned argument is to claim that factors such as race, culture or diversity make it more difficult to achieve a better safety or interfere with the economy.  Rather, those factors are irrelevant.  Third, it's not a complicated issue at all.  It's as simply redistributing CEO pay to the safety net and to increase minimum wages.  

Mon Feb 25, 2013 at 7:03 PM PT: Some responded to this article by falsely claiming that Norway has twice as much money per person as the U.S.  Due to their enlightened policies Norway has slightly more according to the International Bank says Norway has $53,396 versus US $48,328. Sources are listed on Wikipedia

Tue Feb 26, 2013 at 3:10 PM PT: Link to article that responds to many of the comments below as well as some from other websites.

Originally posted to USSpinWatcher on Sun Feb 24, 2013 at 01:55 PM PST.

Also republished by Money and Public Purpose.


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