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In terms of median income, France and USA don't seem far apart 16K vs 19K https://worldpopulationreview.com/country-rankings/median-income-by-country https://w

In terms of median income, France and USA don't seem far apart 16K vs 19K https://worldpopulationreview.com/country-rankings/median-income-by-country https://worldpopulationreview.com/country-rankings/median-in...

klyrs 4y ago
Moreover, a normal work week in France is 35 hours. Assuming Americans work 40 hours a week, the implied median hourly wage is just about the same.
JumpCrisscross 4y ago
> median income, France and USA don't seem far apart 16K vs 19K After taxes and healthcare, adjusting for instability, the median European worker is better off. The top-performing American, on the other hand, is far better off than their European counterpart*. This is the design. Immigration + better life for the ambitious at the cost of a worse life for the median. It’s a recipe for brain drain and it works, though we must be honest at what cost. *non-aristocratic
- PaulDavisThe1st 4y ago
  - JumpCrisscross 4y ago
    > lucky Sure, it’s a stochastic process. But it’s also not stationary. Providing an agglomeration incentive for those who believe they have non-stationary characteristics is a valid strategy.
    - PaulDavisThe1st 4y ago
      > Providing an agglomeration incentive for those who believe they have non-stationary characteristics is a valid strategy. Sorry, but I have absolutely no idea what this means.
  - UmbertoNoEco 4y ago
    lucky well connected belonging to the 'right' race;gender;social class; nationality
MontyCarloHall 4y ago
That is extremely far off from what other sources report. For instance, it does not match what the OECD says [0]: median individual income in the US was $42k in 2019; in France, it was $28k. It also does not match what the St. Louis Fed says [1], which says the US median individual income was $36k in 2019. [0] https://en.m.wikipedia.org/wiki/Median_income#Median_equivalent_adult_income https://en.m.wikipedia.org/wiki/Median_income#Median_equival... [1] https://fred.stlouisfed.org/series/MEPAINUSA672N https://fred.stlouisfed.org/series/MEPAINUSA672N

klyrs 4y ago

Moreover, a normal work week in France is 35 hours. Assuming Americans work 40 hours a week, the implied median hourly wage is just about the same.

JumpCrisscross 4y ago

> median income, France and USA don't seem far apart 16K vs 19K After taxes and healthcare, adjusting for instability, the median European worker is better off. The top-performing American, on the other hand, is far better off than their European counterpart*. This is the design. Immigration + better life for the ambitious at the cost of a worse life for the median. It’s a recipe for brain drain and it works, though we must be honest at what cost. *non-aristocratic

PaulDavisThe1st 4y ago
- JumpCrisscross 4y ago
  > lucky Sure, it’s a stochastic process. But it’s also not stationary. Providing an agglomeration incentive for those who believe they have non-stationary characteristics is a valid strategy.
  - PaulDavisThe1st 4y ago
    > Providing an agglomeration incentive for those who believe they have non-stationary characteristics is a valid strategy. Sorry, but I have absolutely no idea what this means.
- UmbertoNoEco 4y ago
  lucky well connected belonging to the 'right' race;gender;social class; nationality

MontyCarloHall 4y ago

That is extremely far off from what other sources report. For instance, it does not match what the OECD says [0]: median individual income in the US was $42k in 2019; in France, it was $28k. It also does not match what the St. Louis Fed says [1], which says the US median individual income was $36k in 2019. [0] https://en.m.wikipedia.org/wiki/Median_income#Median_equivalent_adult_income https://en.m.wikipedia.org/wiki/Median_income#Median_equival... [1] https://fred.stlouisfed.org/series/MEPAINUSA672N https://fred.stlouisfed.org/series/MEPAINUSA672N