| ▲ | rbehrends an hour ago | |
> American workers still get higher salaries than elsewhere in the OECD and growth in such industries isn't out competing those same industries in other OECD countries. I used to think that also, probably because FAANG salaries had skewed my perception, but after looking at the data, this does not seem to be actually true, at least not in general. For example, Germany has a somewhat higher annual median gross salary for full-time employees than the US (PPP-adjusted, BLS/DESTATIS salary data, OECD PPP values). Of course, this is the median salary. America absolutely offers higher salaries at the top end (and I mean much higher, often by a factor of 2-3 for highly qualified professionals, such as software engineers and doctors). But that also means correspondingly lower salaries at the low end. And of course, labor is taxed heavily in Germany, so discretionary/disposable income may look different in the end on a case-by-case basis. | ||