This TED talk appeared in my feed and I found it an interesting watch. I recommend you watch it, but not without the comments. It’s funny, too.
During my studies I regarded myself as a social-liberal, but in the recent years I have become less and less fond of taxes and social care. You might say: how convenient of you, once you moved to Switzerland and started earning good money. I won’t argue about it. However I find it refreshing when I find something that challenges my point of view, like this video does.
This video claims that it’s easiest to get very rich (>$30m) in Scandinavia, because education is free, which lowers the salaries of skilled workers. This way you, as an entrepreneur, have access to relatively cheap skilled workforce. At the same time, high minimum wage forces businesses to innovate and replace simplest jobs with technology.
I wonder what is your opinion on this. One of the commenters already wrote that “correlation does not mean causation”. My observation is: OK, maybe Scandinavia is good for entrepreneurs, but it certainly sucks for the skilled workers, who I guess should go to USA once they get a degree?