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by myrmidon
455 days ago
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A significantly better metric to compare would be median hourly wage (ideally, purchasing power adjusted, but that's hard). The US average is actually behind wealthier European nations there (Ireland, Scandinavia, Benelux, Switzerland, Germany): 20$/h compared to ~20€/h. Purchasing power adjustments would also probably favor Europe I guess. So the much stronger US GDP/capita output apparently does very little for the average citizen... This was honestly surprising to me, I actually expected the US to be comfortably ahead in this (specifically significantly ahead of Germany). France is also much weaker than I expected in this (~17€/h) not including it was cherry-picking on my part, Eastern Europe is super poor (Bulgaria under 5€/hour!), and the top contenders were unsurprising, except maybe how well Denmark did (~30€/h). Sources: eurostat + statista (because couldn't find what I wanted on bls.gov) |
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I doubt it. Germany and especially Switzerland have a quite hight cost of living. Coming from Canada, I get sticker shock every time I go to the US because of how cheap everything is. I had the opposite reaction going to Europe (except for Italy).
It would also be interesting to compare take-home (after tax) pay.