| ▲ | roenxi 2 hours ago | |
> America pays workers just 27% of what its wealth allows – the worst in the OECD The US consistently scores among the best countries in the world for paying people [0]. Is there some way I can lodge an application to be exploited in a similar manner, without having to move there? Being wealthy and having to live among really wealthy people sounds better than being poor and living among equals. They're inventing a metric there that just doesn't matter. | ||
| ▲ | TFYS an hour ago | parent | next [-] | |
> Being wealthy and having to live among really wealthy people sounds better than being poor and living among equals. Why? Once you pass a level of wealth where basic needs like, food, housing and healthcare are met your happiness probably depends more on how you perceive your position to be compared to people around you. Even your post suggests that, as you're comparing your position to people wealthier than you, even though you likely have your basic needs met. Once you get the US median salary, you'll just switch to comparing yourself against the really wealthy people. It's easier to be happy with what you have in a more equal society. | ||
| ▲ | jltsiren 2 hours ago | parent | prev | next [-] | |
International comparisons are tricky, and you should always check the data definitions carefully. The first metric on that page is household income divided by the square root of household size. That has some unreasonable consequences. For example, if housing is unaffordable, children live longer with their parents, and measured income is higher. The second metric measures either net income or consumption, depending on the country and the year. It takes taxes, benefits, and purchasing power into account but fails to consider savings and subsidized services. | ||
| ▲ | DarkNova6 an hour ago | parent | prev | next [-] | |
Salary alone is meaningless if you don't factor in purchase-power-parity and other quality of living aspects. E.g. a lot of people are happy to move to Denmark, and accept a paycut because they are leading with their social facilities and family support. Salary alone will not conjure good infrastructure | ||
| ▲ | krige 2 hours ago | parent | prev [-] | |
These charts are seriously out of date though. Five years in the current economic climate? Might as well be ancient history. | ||