I'm not so sure you should admire the US so much. There is certainly an entrepreneurial spirit there, but income mobility is much higher in Scandinavia. Better chance of becoming rich if your parents are poor.
Also, Norway is usually at the bottom of the Nordic countries in corruption rankings. Usually this is attributed to the oil sector.
Dutch disease might be a problem, but /I/ think it will be quite mild, because we are so aware of the possibility. Salary increases have not been totally out of proportion this year, unless you start thinking about the countries around us with actually sinking salaries....
It's important to look on social mobility vs financial mobility. Even though you have high income mobility in a rich country like Norway there is still poor social mobility.
> but income mobility is much higher in Scandinavia
Apples to apples, not really. The comparison would be between people of Scandinavian descent in the US and Norwegians generally. The people of Scandinavian descent in the US are also healthier and wealthier over all compared to their relatives still in Europe.
Also, Norway is usually at the bottom of the Nordic countries in corruption rankings. Usually this is attributed to the oil sector.
Dutch disease might be a problem, but /I/ think it will be quite mild, because we are so aware of the possibility. Salary increases have not been totally out of proportion this year, unless you start thinking about the countries around us with actually sinking salaries....
/also Norwegian