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by qris
1848 days ago
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Looking at the list of countries by minimum wage [1] containing data for 201 countries: * only 5 countries have nominal, effective minimum wage above $30k (Denmark, Iceland, Sweden, Norway, Switzerland) * when accounting for Purchasing Power Parity no country has minimum wage allowing to buy more than $30k in US (obviously ignoring Argentina, as it data is not reliable) Additionally earning $34,000 in 2012 made you into the richest 1 percent globally [2]. So we may guess that today $30k easily lands you in the richest 5 percent globally. [1] https://en.wikipedia.org/wiki/List_of_countries_by_minimum_w... [2] https://foreignpolicy.com/2012/02/27/were-all-the-1-percent/ |
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