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by JohnnyBrevo
244 days ago
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On “average” wages: The chart uses a typical/median (net) hourly wage, not the mean. Means are pulled up by high earners, and many HN readers sit above the median. so your personal “hours to basics” will look lower than the chart. Using the mean would systematically understate hours for the typical worker, especially in unequal countries. Also note: the index assumes a single renter; couples/roommates or employer subsidies will reduce hours per person. |
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I appreciate that I could be biased, and my guesses could be off, but we're talking about almost a factor two here. If the numbers would be correct the average person does not even have enough money for the minimum essentials every month, which is extremely far from what I see and hear.