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by Retric 2405 days ago
Including part time workers distorts the average.

On average, a full-time employee in United Stats works 1,768 hours per year, or 38.6 hours per week. By comparison, Europeans work up to 19 percent fewer hours annually compared to those working in the US.. Even more extreme On average, a full-time employee in Germany works 1,363 hours per year, or 34.3 hours per week That’s the equivalent of 26 days more per year full time Americans are working.

Median income PPP is not that great of a means for comparing standards of living. The US bottom 25th percentile earn less than 1/2 the 50th percentile. I would argue for disposable income PPP after taxes, food, shelter, and medical care at the bottom is more representative as a minimum standard of living.
2 comments
corporate_shi11 2405 days ago
It would be useful to look at the median in addition to the average here. I suspect that because there are specific highly compensated professionals in the US that regularly work 60 or 70 hour weeks (Lawyers, doctors), the average may be distorted upwards.
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indecisive_user 2405 days ago
The original comment I responded to compared the average American to the average citizen in the "developed world". I'm using OECD countries as a proxy since the term "developed" is ambiguous. But comparatively, US workers are only slightly above the OECD average in number of hours worked per year (1,781 vs 1,763).

>The US bottom 25th percentile earn less than 1/2 the 50th percentile.

Again, only considering the average American here. I would agree that it's worse to be poor in the US compared to a lot of other countries due to fewer social safety nets.

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Retric 2404 days ago
OECD is a common list for developed countries. But did you ever really look at it? It includes included Mexico and Turkey with a ~10k per capita GDP. Even Latvia, Chile and Hungary @ 15k USD seem a bit underdeveloped. Czech Republic and Slovenia at 20k per capital are borderline but probably fine. Granted things change somewhat when you look at PPP, but large PPP differences generally mean an underdeveloped economy.

https://www.oecd.org/about/document/list-oecd-member-countri...

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