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Just checked. Scandinavian countries, Australia and Luxembourg have higher median household income than the U.S.
by Thlom 9y ago
Just checked. Scandinavian countries, Australia and Luxembourg have higher median household income than the U.S.
- scythe 9y agoThose countries are small; the total population between them is less than any of UK, France, Japan or Germany, which indeed have a lower PPP per capita than the US. The nations you mentioned also have the advantage of being the "best" countries in their respective regions attracting lots of high skilled immigrants and FDI etc.
- p1esk 9y agoThis summer I worked at a startup in Luxembourg. I overheard a job interview my boss conducted, where an Australian with a PhD in machine learning asked for EUR60k as a salary. My boss decided to offer him EUR50k. Costs of living in Luxembourg are about the same as in Santa Barbara (where I currently live). I think median salaries in Luxembourg might be skewed by the presence of a large financial market (it's kind of a Wall St of Europe).
- lsc 9y agoMy impression is that it's the other way around; working in the computer industry carries a higher pay premium (vs. working in some other field) in Silicon Valley than it does anywhere else. So while a chef might be better off in Luxembourg, the software engineer is better off in silicon valley.
- p1esk 9y agoYou might be right, but 50k is way too low for a software engineer anywhere in US.
- hiram112 9y agoWhat are you talking about? The prevailing wage law of the H1B is only $60k, and these are for the best and brightest workers our mega corps need, due to a lack of qualified US workers. So obviously, $50k is more than adequate. /s
- rayiner 9y agoSo like 20 million people? What about the countries that make up the vast majority of Europe? Median income is much higher in the US than in UK, France, Germany, Spain, and Italy.
- rockinghigh 9y agoNot by much if you deduct retirement benefits, healthcare costs and education.