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> The median disposable household income in the US is $60,000, versus $44,000 in France. That’s the median—it’s not skewed up by the very high incomes at the to
by williamdclt 7y ago
> The median disposable household income in the US is $60,000, versus $44,000 in France. That’s the median—it’s not skewed up by the very high incomes at the top.
You can't compare raw numbers. What's the cost of life? Cost of transport? Cost of healthcare? Job security? Quantity and quality of public services?
- pavpanchekha 7y agoYou may be interested in Jones and Klenow (AER 2016) http://klenow.com/Jones_Klenow.pdf http://klenow.com/Jones_Klenow.pdf, which incorporate consumption, inequality, leisure, and life expectancy to correct for these factors.
- rayiner 7y agoThe figures are OECD figures, which are adjusted for cost of living. Stuff like healthcare and public services are a difference, but at the median, Americans have employer-paid healthcare (which covers 80% of premiums on average). And if you’re in an ACA state, your premiums are capped at 10% of your income.