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by saiya-jin 2972 days ago
Probably closest you can come to this in real world is Switzerland (maybe some nordic countries too). Very strong middle class (although there is no minimum wage codified in law), salaries disparities ie in IT vs normal people is much much smaller (meaning even a guy filling shelves in supermarket gets decent wage, if you get 3x his wage you are probably in top 1% earners). There is even a law enacted recently that highest earner in company (ie CEO) can't have salary more than 20x the lowest one (at least that's how I remember it).

It has far-reaching consequences where whole population has high standards of living which transpills into high overall happiness, low criminality, and there is no predatory mentality to screw other people over just for one's own benefit (that I can see massively in eastern europe where I come from, and many other developing countries all around the world).

Really, Suisse could be model in many things for rest of the world, if only their mentality would be more 'transferable'.

2 comments

There is even a law enacted recently that highest earner in company (ie CEO) can't have salary more than 20x the lowest one (at least that's how I remember it).

There was a referendum to implement that cap (and at only 12x!) but it was rejected by voters.

> if only their mentality would be more 'transferable'

There's a reason why there is only one Scandinavia and it's so tiny population wise. It's strictly cultural, ingrained over hundreds or thousands of years, and can't be replicated across a massive population base. That it's cultural is also the reason why Scandinavians have historically done even better in the US than they do in Scandinavia (a system with superior economic potential, combined with a culture that produces superior outcomes).

The closest a large nation has gotten to what Scandinavia accomplished, is probably Japan. However Japan has never sustained a standard of living at the median anywhere near what Denmark or Sweden reached (the Japanese are also over-worked to accomplish their lower economic output, which is a bit of a cheat if you're contrasting it with the economic output of Scandinavia).

When it comes to Switzerland, you can't replicate what they've done because there isn't enough banking to go around. That isn't a dig on Switzerland, it's the same reason most countries could never replicate Norway (oil).

Switzerland has a dozen banks that together are worth around $200-$250 billion, with just a population of eight million people. That'd be like if the top dozen banks in the US were worth $8 trillion. The total Swiss banking system has something like $7 to $10 trillion in assets under management; which would be like the US banking system having ~$350 trillion under management, a laughable sum.