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.
61 sats \ 0 replies \ @btc_remnant 22 Apr
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.
reply
61 sats \ 13 replies \ @Satosora 22 Apr
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.
reply
21 sats \ 11 replies \ @Undisciplined 22 Apr
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.
reply
40 sats \ 10 replies \ @TomK OP 22 Apr
But imagine what this did to Europeans...
reply
61 sats \ 9 replies \ @Satosora 22 Apr
Maybe they didnt poll from the right group?
I just feel 80k is being very optimistic.
reply
40 sats \ 0 replies \ @TomK OP 22 Apr
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
reply
0 sats \ 7 replies \ @Undisciplined 22 Apr
Depending on the choices made by the analyst, 77k is not far above what the Fed is reporting.
reply
61 sats \ 6 replies \ @Satosora 22 Apr
Fed reports a lot of bs.
Over-inflating numbers and under-inflating numbers for their purpose.
reply
40 sats \ 0 replies \ @TomK OP 22 Apr
But we have to deal with this bs
reply
21 sats \ 4 replies \ @Undisciplined 22 Apr
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.
reply
40 sats \ 2 replies \ @Satosora 22 Apr
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.
view replies
0 sats \ 0 replies \ @TomK OP 22 Apr
I am screening the bs....
reply on another page
0 sats \ 0 replies \ @TomK OP 22 Apr
The european welfare state is far bigger, believe me. Esp. in Germany and Scandinavia
reply