The US has a very flexible labor market that allows for easy entry and exit, but can appear (and be) ruthless in its drive for efficiency.
Europe is great for workers who get lucky enough to get a contract (French unemployment is often 2-3x US unemployment), don't want to leave, and don't want to be rich.
Average US GDP per capita is 35% higher than France and Britain, despite having large numbers of poorly educated immigrants. Furthermore, tax rates are much lower in the US than in Europe, so people can actually consume quite a bit more.
Europe is great for workers who get lucky enough to get a contract (French unemployment is often 2-3x US unemployment), don't want to leave, and don't want to be rich.
Average US GDP per capita is 35% higher than France and Britain, despite having large numbers of poorly educated immigrants. Furthermore, tax rates are much lower in the US than in Europe, so people can actually consume quite a bit more.