The bureaucratism of the Brussels eurocrats has already had an impact on the development of wages in the eurozone. The gap that is opening up year after year in comparison to the Americans can only be closed by a radical return to market economy principles and decentralized control mechanisms. Europe is massively losing capital abroad and this is reflected in the stagnation of wages in recent years. It is a bitter realization for Europeans: naïve climate moralism will not replace dynamic economic growth and investment activity.
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I dont know.
I dont think the annual wage for an american is 80k.
And even with that amount, a huge amount goes into health care and taxes.
Part of that is selection. During the pandemic a lot of people left the workforce and haven't returned. That was largely people earning below average salaries, so it moved the average up.
I don't think wage growth has been that robust over the past four years.
But imagine what this did to Europeans...
Maybe they didnt poll from the right group?
I just feel 80k is being very optimistic.
https://fred.stlouisfed.org/graph/fredgraph.png?g=1dxDl
Depending on the choices made by the analyst, 77k is not far above what the Fed is reporting.
Fed reports a lot of bs.
Over-inflating numbers and under-inflating numbers for their purpose.
That's fine. My point is just that the first chart is right in line with other available data. If you find something counter to it, I'm sure we'd all be interested.
Average salary 54k
https://www.usatoday.com/money/blueprint/business/hr-payroll/average-salary-us/#:~:text=How%20much%20does%20the%20average,Q4%20of%202023%20was%20%2459%2C384.&text=This%20is%20up%205.4%25%20from,was%20making%20%2456%2C316%20per%20year.
I am screening the bs....
But we have to deal with this bs
I had read such figures on various occasions before. the gap between the USA and the Europeans is widening immensely, not least because of the climate apocalypse we are celebrating so extensively
The european welfare state is far bigger, believe me. Esp. in Germany and Scandinavia
Maybe the difference is taxes. I think taxes in USA are lower, but the state provides less services.
In Spain, just having an average salary, the state takes 50% of the money your company pays you.