It's not that we in Norway don't do capitalism. Capitalism is necessary for the world to go around and for people to have a sense of freedom and personal independence. But we do capitalism the right way, where people are still financially independent, and we're all in charge of our own affairs and goods. But our system makes it a lot harder for people to be corrupt and greedy.
Isn't it interesting how a system that is collective leads to more autonomy at work, cf. your reaction to the video about work culture. In addition, we can choose a job that matches our talent, because we get a good salary regardless. I think our Norwegian mixed economy (collectivism/socialism and capitalism) is a good mix.
It is not mentioned in the video, but USA only has half the number of doctors that Norway has per capita although American doctors make more than twice as much money. So we also increase the quality of our healthcare while reducing the cost of it. And with better access to healthcare, it means we can solve health issues earlier, reducing cost of treatment and loss of productivity. We also know that it helps to reduce crime because it reduces class division. So there's a lot of spin-off effects from the Norwegian model that reduces costs and increases productivity. I very strongly agree with Eia that we should celebrate this and talk about it more. I know as a fact that many Norwegians don't know what "frontfagsmodellen" is, and that is really a shame, because it is quite brilliant.
@@afrog2666 No, there's no health crisis at all, but a political crisis. Sweden has almost 50% more doctors than we do per capita, because they are willing to hire them. In Norway, FrP and Høyre has made it clear that they will always oppose this. We have doctors and nurses in Norway who are not allowed to work because they were not trained in Norway. Norway could raise an army of nurses and doctors all around the world without breaking a sweat. We choose not to. That is not a health crisis. That is a political crisis. There is a concept called the preservation of race and it has nothing to do with health.
NO NO NO Tayler ! The reason why the low-paid have a better wage than in the US is because we have unions, which work to ensure that workers have the right wages for the work they actually do. These have been there for many, many years, so they are strong, and if they don't get what they want, then as a member you can be taken out of your job, then you get your salary from them instead, until the workplace agrees to the terms that are set. But that happens very rarely, as most workplaces know what the right salary is. The union has annual negotiations on how much each worker should receive in wages, for example in relation to price increases. If, as now, prices in Norway have risen quite sharply, then more is now required in wages, to keep up with the price increase.
Bård Eia is totally wrong. What he describes is how capitalism works. And it works. But the reason Norway is moving faster than many other nations is because of political will to protect low income workers by setting taxes on labour high, but making it beneficial to employers to invest in the most effective and productive technology. Labour is expensive but due to the system of taxation the best technology is cheap. It is the same system that was used to make Norway EV nation number one in the world. The Norwegian tax system deserve a. Nobel prize in economy. It is a human made miracle.
In today's workforce, many work operations are faced with the choice of automation. I use the word "choice," but eventually, it becomes inevitable. In the video, a comparison is made between the USA and Norway. American labor unions fight hard against automation to secure jobs. In Norway, however, implementation happens quickly and with the support of labor unions. The reasons why automation occurs smoothly in Norway are multifaceted. However, some key differences from the USA include: Norwegians generally have a good education, meaning most are qualified for a variety of professions and well-equipped for transitions when given the opportunity. Norwegians also enjoy strong social and economic rights, which reduce the fear of a period without work. Additionally, the government provides incentives to help people transition into new professions. Norwegian employer organizations recognize the importance of and their responsibility for maintaining satisfied employees, as this boosts productivity and innovation. Thanks for the video!
Truth with modification regarding wage increase. Usually in the private industry you get 0 increase every year. The best way to get better wage in Norway is to change jobs and negotiate up.
The Dockworkers union fight against automation because they don't have the social safety nets that we have here in Norway. If there is automation, then dockworkers loose their jobs, healthcare, insurance deals and now have to find a new job on their own. In Norway, when people loose their jobs to automation, they get unemployment benefits from day 1 without pay, can get assistance for finding a new job, and if need be; free re-education and certification for a new line of work. So in Norway, union members are safe-ish. So unions don't have to protect everyone to the same degree that it does in the US. I think that's a large reason why unions are seen as "bad" in so many parts of the US, like the dockworkers union, police union etc. They fiercly protect all members, because loosing your job can be a cataclysmic event in your own life. You need both the unions and the social security systems to have a good working system that benefits everyone.
He wouldn't know about stuff like that. He doesnt really do restaurants, ive noroced anything that seems normal to a Scandinavian he considers a fancy place without really being anything special. And hes not a clubber or anything like that. So he wouldn't know about whats out there. I know ove seen US movies with some guy sitting there with a warm cloth, and soap and perfume and mints and whatnot. And not just in old gangster movies but modern.ones too. So no, i think it definitely exists, he just doesnt go to anywhere fancy like that. 😊
ive seen ur videoes here and there, but holy moly, i did not expect to see only norwegian videos when i checked out ur channel vids xD what a legend u are, fun to watch as a northman :)
In norway the unions are both stronger but also more industry specific. Here in america unions often tend to follow a more standardized set if goals while in norway those goals though including standardized ones often are also done in industry specific negotiation which we lack
It is also important to understand the secondary benefits to the Norwegian system. Eliminating low paying jobs and thus forcing companies to become effective makes them obliged to train their staff well and expect a relativly high competancy level from their employees at all levels of the organization. This in turn requires public schools to be relativly good at churning out competent young adults. As this cycle rolls on for generations we see the average IQ rise, while in the US it is sadly going the other way.
Sadly the US system is very backwords right now. Unions fighting against technology while the incoming government seems to care about the same and wants to bring basic manufactoring back, when the US like Norway and almost every other country in the world have up until now worked on specialicing in production. In other words buying parts and resources from other parts of the world and can instead prioritize making things like high tech electronics and high quality products. Sadly many countries in Europe are doing the same.
One of the big set back for our system however is that the richest people tend to leave for tax haevens elsewhere and the trick for the unions is to keep them here as they play the biggest part in bringing up low wages.
It seems in the US salaries are only based on skill. No skill, no pay. In Norway, we also factor in time, and everyone's time is valuable, even if the skillset is low.
If America paid workers at a fast food joint what Scandinavia pays them, they would have nowhere to get fast food a year later... Thats the difference Tyler. 😊
Though, on this topic Norway should put itself on 5% to rebuild what 25 years with defence neglect has done, and after that stay somewhere between 3 and 4%
This is a bit complicated... The gist of it is that the people working for govermet cant ever earn mor than the peaople working for anybody else... so if the indestry workers ( as in non goverment workers ) has a pay increase of 3% then the goverment worker will usually not get a pay increase above 3% because of sustainability in the long run...
It works for us, kind of, but the perfect system... Idk, imagine a system that works for all and doesnt provoke inflation ( that concept is some times calle the Dutch disease ( an economic instability ) )
And with AI and automation, the era of abundance is already here. This will change the world quicker then ever, embrace change and never bet against technology....
Our current ANN AI models aren't even close to replacing most employments. They're extremely limited by their nature, being nothing but trained statistical algorithmic models that constantly "hallucinate" as we call it in the business when they fail and make up nonsense. Until we have more effective quantum computers and a completely new approach to an AI model, AI isn't replacing huge amounts of workforces. WHEN we get that however, is very uncertain.
@@Atlas_Redux The new approach is already happening. Language models using TTT (test-time training) shows real time self learning and improving. AGI is getting closer and closer.
@@okklidokkli That's still just in a very narrow environment and does not translate into the physical world. It's also just an extension of LLMs in practice. While it LOOKS impressive at first glance, it still suffers from the same problems as traditional LLMs.
Norway isn’t that equal compared to fellow Nordic countries like Iceland. Norway is still pretty far behind in many areas. Especially when it comes to equality for minorities such as women, LGBTQ+, and indigenous people… the presenter is white and male…
But, professionals in Norway (high tech, finance, doctors, lawyers, etc.) are not paid as well in Norway as in the US. (Some things work only in tiny countries. Show me a country with at least 10 million people and a higher GDP per capita than the US. You can't.)
That's what makes Norway competitive, cheap highly educated labor. Doctors, scientists, and engineers. They still earn more than most and have more time to enjoy life and long vacations.
Your argument is as silly as people saying it's about skin colour. You're just choosing a random variable and declaring it to be the important one. Just because a small country did it first, doesn't mean it would be impossible for USA to keep salaries within sustainable levels.
But, professionals in Norway (high tech, finance, doctors, lawyers, etc.) are not paid as well in Norway as in the US. (Some things work only in tiny countries. Show me a country with at least 10 million people and a higher GDP per capita than the US. You can't.)
SHUT UP I'M BEGGING YOU SHUT UP I'M BEGINNING TO GO CRAZY. CRAZY I WAS CRAZY ONCE THEY LOCKED ME IN A ROOM. A RUBBER ROOM. A RUBBER ROOM WITH RATS RATS MAKE ME CRAZY. CRAZY
But, professionals in Norway (high tech, finance, doctors, lawyers, etc.) are not paid as well in Norway as in the US. (Some things work only in tiny countries. Show me a country with at least 10 million people and a higher GDP per capita than the US. You can't.)
Show me a country with more Spanish speaking immigrants than USA and you will have your final proof that Spanish speaking immigrants is the secret solution. But why do you keep repeating your comments over and over?
I do think these kind of economic systems could work in bigger countries too, for example Sweden got a population of 10 million and they use a very similar economic model. You might argue that the US got higher GDP per capita than Sweden but for the past few years almost all of the US's growth has been in big tech. For example over the past quarter year the only reason the US economy has grown is due to nvidia, sure norway does not have the same kind of big tech as the US but for a country with 5 million people id say we got more contribution towards big tech than expected.
It's not that we in Norway don't do capitalism. Capitalism is necessary for the world to go around and for people to have a sense of freedom and personal independence. But we do capitalism the right way, where people are still financially independent, and we're all in charge of our own affairs and goods. But our system makes it a lot harder for people to be corrupt and greedy.
Yes. Norway is capitalist to the bone - but in our own way. Keeping an eye on the big picture, the global market and our ability to compete.
Been living in Norway..
5 years..
USA..
Never want to go back...
Isn't it interesting how a system that is collective leads to more autonomy at work, cf. your reaction to the video about work culture. In addition, we can choose a job that matches our talent, because we get a good salary regardless. I think our Norwegian mixed economy (collectivism/socialism and capitalism) is a good mix.
It is not mentioned in the video, but USA only has half the number of doctors that Norway has per capita although American doctors make more than twice as much money. So we also increase the quality of our healthcare while reducing the cost of it. And with better access to healthcare, it means we can solve health issues earlier, reducing cost of treatment and loss of productivity. We also know that it helps to reduce crime because it reduces class division. So there's a lot of spin-off effects from the Norwegian model that reduces costs and increases productivity. I very strongly agree with Eia that we should celebrate this and talk about it more. I know as a fact that many Norwegians don't know what "frontfagsmodellen" is, and that is really a shame, because it is quite brilliant.
We are still facing somewhat of health crisis, there are doctors with 1500 patients, we do actually need more doctors..
@@afrog2666 No, there's no health crisis at all, but a political crisis. Sweden has almost 50% more doctors than we do per capita, because they are willing to hire them. In Norway, FrP and Høyre has made it clear that they will always oppose this. We have doctors and nurses in Norway who are not allowed to work because they were not trained in Norway. Norway could raise an army of nurses and doctors all around the world without breaking a sweat. We choose not to. That is not a health crisis. That is a political crisis. There is a concept called the preservation of race and it has nothing to do with health.
Do not forget that Norway have free education and healthcare.... US? Dear Lord! I am extremely glad I am 🇧🇻!
@15:07 The Norwegian government has almost nothing to with this. It's the cooperation between the unions and employers that makes this happen
The answer is UNIONS. Unionise, Americans.
Unions = Company lol.
We just like to be like, but problem now in Norway, they try remove MIddle class. Hate Left of right side.
You have to fight for your rights. In Norway we do. We have to be awake all the time!
NO NO NO Tayler ! The reason why the low-paid have a better wage than in the US is because we have unions, which work to ensure that workers have the right wages for the work they actually do. These have been there for many, many years, so they are strong, and if they don't get what they want, then as a member you can be taken out of your job, then you get your salary from them instead, until the workplace agrees to the terms that are set. But that happens very rarely, as most workplaces know what the right salary is. The union has annual negotiations on how much each worker should receive in wages, for example in relation to price increases. If, as now, prices in Norway have risen quite sharply, then more is now required in wages, to keep up with the price increase.
yep, Unions
Replace "very rarely" with "very often" and I would agree with you.
Bård Eia is totally wrong. What he describes is how capitalism works. And it works. But the reason Norway is moving faster than many other nations is because of political will to protect low income workers by setting taxes on labour high, but making it beneficial to employers to invest in the most effective and productive technology. Labour is expensive but due to the system of taxation the best technology is cheap. It is the same system that was used to make Norway EV nation number one in the world. The Norwegian tax system deserve a. Nobel prize in economy. It is a human made miracle.
The equality also contributes to lower crime rates in Norway.
In today's workforce, many work operations are faced with the choice of automation. I use the word "choice," but eventually, it becomes inevitable. In the video, a comparison is made between the USA and Norway. American labor unions fight hard against automation to secure jobs. In Norway, however, implementation happens quickly and with the support of labor unions.
The reasons why automation occurs smoothly in Norway are multifaceted. However, some key differences from the USA include: Norwegians generally have a good education, meaning most are qualified for a variety of professions and well-equipped for transitions when given the opportunity. Norwegians also enjoy strong social and economic rights, which reduce the fear of a period without work. Additionally, the government provides incentives to help people transition into new professions. Norwegian employer organizations recognize the importance of and their responsibility for maintaining satisfied employees, as this boosts productivity and innovation.
Thanks for the video!
Truth with modification regarding wage increase. Usually in the private industry you get 0 increase every year. The best way to get better wage in Norway is to change jobs and negotiate up.
The Dockworkers union fight against automation because they don't have the social safety nets that we have here in Norway. If there is automation, then dockworkers loose their jobs, healthcare, insurance deals and now have to find a new job on their own.
In Norway, when people loose their jobs to automation, they get unemployment benefits from day 1 without pay, can get assistance for finding a new job, and if need be; free re-education and certification for a new line of work. So in Norway, union members are safe-ish. So unions don't have to protect everyone to the same degree that it does in the US. I think that's a large reason why unions are seen as "bad" in so many parts of the US, like the dockworkers union, police union etc. They fiercly protect all members, because loosing your job can be a cataclysmic event in your own life. You need both the unions and the social security systems to have a good working system that benefits everyone.
This!
Tyler, I have literally paid people in toilets in the US.
Me too. In Chicago.
Wtf?
He wouldn't know about stuff like that. He doesnt really do restaurants, ive noroced anything that seems normal to a Scandinavian he considers a fancy place without really being anything special. And hes not a clubber or anything like that. So he wouldn't know about whats out there. I know ove seen US movies with some guy sitting there with a warm cloth, and soap and perfume and mints and whatnot. And not just in old gangster movies but modern.ones too. So no, i think it definitely exists, he just doesnt go to anywhere fancy like that. 😊
ive seen ur videoes here and there, but holy moly, i did not expect to see only norwegian videos when i checked out ur channel vids xD what a legend u are, fun to watch as a northman :)
In norway the unions are both stronger but also more industry specific. Here in america unions often tend to follow a more standardized set if goals while in norway those goals though including standardized ones often are also done in industry specific negotiation which we lack
This ironically helps organize when you need to increase it all at once too
Bernie Sanders! 😁💪
It is also important to understand the secondary benefits to the Norwegian system. Eliminating low paying jobs and thus forcing companies to become effective makes them obliged to train their staff well and expect a relativly high competancy level from their employees at all levels of the organization. This in turn requires public schools to be relativly good at churning out competent young adults. As this cycle rolls on for generations we see the average IQ rise, while in the US it is sadly going the other way.
And, we happily assist union crushers to the negotiating table.
You will go nuts on the next one about insurance...
Sadly the US system is very backwords right now. Unions fighting against technology while the incoming government seems to care about the same and wants to bring basic manufactoring back, when the US like Norway and almost every other country in the world have up until now worked on specialicing in production. In other words buying parts and resources from other parts of the world and can instead prioritize making things like high tech electronics and high quality products. Sadly many countries in Europe are doing the same.
This is why you can call the Norwegian system, Capitalist-communistic. Communism, without the dictators.
One of the big set back for our system however is that the richest people tend to leave for tax haevens elsewhere and the trick for the unions is to keep them here as they play the biggest part in bringing up low wages.
It seems in the US salaries are only based on skill. No skill, no pay. In Norway, we also factor in time, and everyone's time is valuable, even if the skillset is low.
Maybe this video explains why we have Janteloven?
Som erstatter dyre jorbærplukkere 😂
Unions is the answer !!
Hei hei, tidlig :3
If America paid workers at a fast food joint what Scandinavia pays them, they would have nowhere to get fast food a year later... Thats the difference Tyler. 😊
Also, the US spends 3.5% of its GDP on the military.
Norways spends 1.6%. That's a massive difference.
Though, on this topic Norway should put itself on 5% to rebuild what 25 years with defence neglect has done, and after that stay somewhere between 3 and 4%
This is a bit complicated... The gist of it is that the people working for govermet cant ever earn mor than the peaople working for anybody else... so if the indestry workers ( as in non goverment workers ) has a pay increase of 3% then the goverment worker will usually not get a pay increase above 3% because of sustainability in the long run...
It works for us, kind of, but the perfect system... Idk, imagine a system that works for all and doesnt provoke inflation ( that concept is some times calle the Dutch disease ( an economic instability ) )
STAVANGER REPRESENT !
True 😝
So "that's simply not true"? You don't know what you are talking about. It is true. Do not accuse H.E. for lying!
And with AI and automation, the era of abundance is already here. This will change the world quicker then ever, embrace change and never bet against technology....
Our current ANN AI models aren't even close to replacing most employments. They're extremely limited by their nature, being nothing but trained statistical algorithmic models that constantly "hallucinate" as we call it in the business when they fail and make up nonsense. Until we have more effective quantum computers and a completely new approach to an AI model, AI isn't replacing huge amounts of workforces. WHEN we get that however, is very uncertain.
@@Atlas_Redux The new approach is already happening. Language models using TTT (test-time training) shows real time self learning and improving. AGI is getting closer and closer.
@@okklidokkli That's still just in a very narrow environment and does not translate into the physical world. It's also just an extension of LLMs in practice. While it LOOKS impressive at first glance, it still suffers from the same problems as traditional LLMs.
Norway isn’t that equal compared to fellow Nordic countries like Iceland. Norway is still pretty far behind in many areas. Especially when it comes to equality for minorities such as women, LGBTQ+, and indigenous people… the presenter is white and male…
But, professionals in Norway (high tech, finance, doctors, lawyers, etc.) are not paid as well in Norway as in the US.
(Some things work only in tiny countries. Show me a country with at least 10 million people and a higher GDP per capita than the US. You can't.)
That's what makes Norway competitive, cheap highly educated labor. Doctors, scientists, and engineers. They still earn more than most and have more time to enjoy life and long vacations.
Your argument is as silly as people saying it's about skin colour. You're just choosing a random variable and declaring it to be the important one. Just because a small country did it first, doesn't mean it would be impossible for USA to keep salaries within sustainable levels.
Stop being so stupid.
@@jeschinstad he probably thinks a math problem becomes unsolvable if you move the commas in the sums
Han er en idiot som bare må plage folk uten at di vet hvorfor 🤦♂️🤮💩🤡
But, professionals in Norway (high tech, finance, doctors, lawyers, etc.) are not paid as well in Norway as in the US.
(Some things work only in tiny countries. Show me a country with at least 10 million people and a higher GDP per capita than the US. You can't.)
SHUT UP I'M BEGGING YOU SHUT UP I'M BEGINNING TO GO CRAZY. CRAZY I WAS CRAZY ONCE THEY LOCKED ME IN A ROOM. A RUBBER ROOM. A RUBBER ROOM WITH RATS RATS MAKE ME CRAZY. CRAZY
🤦♂️🤡🤮
But, professionals in Norway (high tech, finance, doctors, lawyers, etc.) are not paid as well in Norway as in the US.
(Some things work only in tiny countries. Show me a country with at least 10 million people and a higher GDP per capita than the US. You can't.)
Show me a country with more Spanish speaking immigrants than USA and you will have your final proof that Spanish speaking immigrants is the secret solution. But why do you keep repeating your comments over and over?
I do think these kind of economic systems could work in bigger countries too, for example Sweden got a population of 10 million and they use a very similar economic model. You might argue that the US got higher GDP per capita than Sweden but for the past few years almost all of the US's growth has been in big tech. For example over the past quarter year the only reason the US economy has grown is due to nvidia, sure norway does not have the same kind of big tech as the US but for a country with 5 million people id say we got more contribution towards big tech than expected.
🤦♂️🤡💩