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You said they're "very high" locally, which doesn't appear to be the case. "Slightly above GDP per capita" just isn't very high. If everyone in one country make
by TulliusCicero 5y ago
You said they're "very high" locally, which doesn't appear to be the case. "Slightly above GDP per capita" just isn't very high. If everyone in one country makes 40k EUR except for one dude who makes 40,001 EUR, he has the highest income in the country, but his income still isn't very high at all.
Of course, part of this may be that the wage spectrum as a whole is compressed compared to the US, but that's an explanation, not a contradiction.
- dragonwriter 5y ago> "Slightly above GDP per capita" just isn't very high. Yes, it is in any capitalist economy, because income distribution isn't normal. In the US, for instance, per capita GDP is about $64k, but median personal income is a little over $35k, and median pay of a full-time worker income, annualized, is just under $45k. An individual worker making just over the per capita GDP is doing quite well.
- TulliusCicero 5y agoIn the US, the median software dev comp is more like 2x GDP per capita though. The BLS says 110k for devs + QA testers median salary, and IIRC that doesn’t factor in stock.