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What is $1000? It's an entire month of work at minimum wage in the USA after taxes. It's about two weeks of minimum wage work in Australia. It's a year of mi
by dsr_ 8y ago
What is $1000?
It's an entire month of work at minimum wage in the USA after taxes.
It's about two weeks of minimum wage work in Australia.
It's a year of minimum wage work for the government in Afghanistan.
It's less than a week of after-tax wages for an average US welder or a Massachusetts high school teacher.
It's two weeks of after-tax wages for a high school teacher in Oklahoma.
It's the monthly rent of a two bedroom apartment in Phoenix. It's less than two weeks' rent of a one bedroom in New York City, and less than one week of a one bedroom in Manhattan.
And that's why we use money to account for these things.
- YayamiOmate 8y agoThat only tells you whether minimum wage people can afford things. What does it matter to me if some folk have to work for a week for a premium steak? Why would a football player care that he earns in a day yearly wage? People buy things based on whether they themselves can afford it, not others. It's nice to appreciate your wealth compared to others but i doubt if anyone makes purchase decisions based on other people salary.