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As someone working in Germany, I shed a tear every time I see a graph like this. What a wasted potential
People in Europe have no idea, or are in complete denial, of how much poorer they are compared to the average American, and it's only getting worse unfortunately
Wow
WTF?! That's totally decoupled!
I wonder how this would compare with standard of living. Certainly feels like most of that wage growth in the US has evaporated either to the top 1% or to inflation.
That's probably the more relevant value. Mean can be massively deceptive if there are a handful of large outliers.
Are these the top 6 countries? I am surprised China isn't in that list.
Is all net income? Because you habe also a lot of taxes to pay in germany
Pre tax?
Don’t forget Germany pays 2.5 x for auto fuel, and three times the US rate for electricity.
Avg cost for housing whether it’s mortgage or rent plus food for a family of 4 is close to 40k 😳
Holy fucking grim
Can’t be net
If it was net they would mean avg gross salary is 100k in the U.S
That’s a lie
How does this compare in relation to the cost of living?
That's the real metric to follow.
The avg American is getting crushed don’t let this chart fool you honestly I think it’s bullshit lol it’s pre tax so avg wage is more like 55k a year
Family of 4 paying close to 40k a year to live that’s just food and housing no car or anything
A single person is paying around 20k just food and shelter
Everybody is getting crushed it’s all relative
Shhhh ... China's is one of those countries you're not allow to criticize Israel is another one. What do they have common?
Marxism ideology.
The Cantillon effect in a chart
Average vs. Median.
Average propbably skewed enormously by top %1. Significant portion of the population lives on minimum wage or close to it. Median will likely show the same trajectory across the board.
It’s good to live with the world reserve currency. Not great for the rest of the world, but bitcoin fixes.
The real hack is to live in Japan and get payed in USD.
Median. Still good to be in the US.
Isn't this just a overvalued dollar chart?
OK so facts aside 😂, what story does this chart supposed to be telling us?
Don't forget also public services...
😉
Yep exactly
Now normalize for all the broken bloated US industries like healthcare, education, and (real) food.
Still higher but not decoupled crazy higher
Except for the idea of speaking Japanese
Learning a new language is unlocking a new world you never imagined, and if you work remote you don’t really need to learn Japanese. Money is the best tool for communication.
Anti-human policy and mandatory “services” result in energy poverty for a quarter Germans, and a cost of living to where families are not having kids.
Median wage is more meaningful
A good read to understand how we export our inflation is "Confessions of an Economic Hitman" by John Perkins. That epoch is on the way out.
Isn’t the work culture brutal ?
The only graph needed, UK is the least fucked, but still 50% poorer, without the productivity and deflation of Japan.
One of these lines...looks exactly like US M2 🤷♂️
If you work in the city for a Japanese company yes , but it’s gotten a little better. If you work for an American or European company it’s very laid back. You can actually tell just by looking at the skyscrapers at night, the ones with the lights off are American.
I'm not here to defend the disastrous Germany's energy policies during last decades.
But if you want to compare the cost of living between different countries, you can not cherry pick just two services that fit your discourse.
🫂
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