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Interestingly, Australia currently has the highest minimum wage (in the world) but similar levels of poverty to the United States. In addition, Australia has m
by kuzimoto 7y ago
Interestingly, Australia currently has the highest minimum wage (in the world) but similar levels of poverty to the United States.
In addition, Australia has much higher taxes overall than US, but lower taxes for low-income earners.
I'm not an expert on economics by any means, but the population of the US is about 13x that of Australia and I don't know if it's possible to make a direct comparison between the two.
- grecy 7y agoThat's why we do comparisons per capita.
- kuzimoto 7y agoI think these issues are a lot more nuanced than that. Maybe I'm completely wrong, but it seems like diseconomies of scale could have an impact on how well the US operates and maybe requires a lot more tax dollars per capita than does Australia for the same things.