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Well, we see how that's going in America and it's a race to the bottom. 10 years experience, bachelor's degree required, starting pay of $35k/yr. A society can
by notaustinpowers 3y ago
Well, we see how that's going in America and it's a race to the bottom. 10 years experience, bachelor's degree required, starting pay of $35k/yr.
A society cannot rely on a business whose sole motivation is profitability to provide power to what they view as a liability, not an asset.
- cbeach 3y agoAmerica is in top three nations of the world for wages (OECD 2022). Sweden is 18th. https://en.m.wikipedia.org/wiki/List_of_countries_by_average_wage https://en.m.wikipedia.org/wiki/List_of_countries_by_average...
- supertimor 3y agoI mean, in your list Iceland is the number one nation for wages which very much follows a similar Scandinavian model.
- dzhiurgis 3y agoAn island that formerly was a tax haven isn’t a great example
- aaomidi 3y agoWages on their own mean nothing.
- hnbad 3y agoThat's not "wages", that's "average wages". I don't expect much but I at least expect a passing knowledge of statistics and intellectual honesty. If most people have nothing and one billionaire joins the group that doesn't make everyone rather wealthy even if it drastically raises the average. Keep in mind that there was a massive rise in C-level and especially CEO compensation compared to most other wages. Arguably this can be traced back to a specific book being rather popular among wealthy investors and entrepreneurs that argued CEOs are underpaid, which many CEOs agreed with and convinced the investors to also agree with. But this does nothing for the wages of anyone outside this group because C-level compensation is orders of magnitude removed from that of anyone lower in the ladder.
- ilovetux 3y agoWhich book?
- fifilura 3y agoNot Grapes of Wrath
- cbeach 3y agoOkay then, so you'd prefer to analyse median wages, rather than mean wages? The US has the 3rd highest median wages, and Sweden has the 14th highest median wage. https://worldpopulationreview.com/country-rankings/median-income-by-country https://worldpopulationreview.com/country-rankings/median-in...
- Zigurd 3y agoThe US is #21 on the Human Development Index, a holistic measure of quality of life. Sweden is #7.
- dghughes 3y agoPlus the US is very work cultured your entire identify is what your job is. In many countries of the world a job is a job and your life and family are the important things not your job. Of course we need money but what is the point if your life is crap!
- cbeach 3y agoIt's not up to a company to "provide power" to its employees. It's up to the company to fulfil its mutually-agreed terms of contract to those employees. Which in most cases means giving them the dignity and security of a monthly paycheque. In a free market economy (that isn't overly constrained by government and unions), employees can gain all the "power" they like by starting a company of their own, and setting whatever rules they like. If you're seeking "power" without taking responsbility (i.e. running your own compnany), sounds like you want to indulge in politics, as opposed to a good-faith employee-employer relationship.