AfterNova@lemmy.world to You Should Know@lemmy.world · 6 days agoYSK: Ranked: Minimum Wages in 50 U.S. States & 35 Countrieswww.visualcapitalist.comexternal-linkmessage-square15fedilinkarrow-up1132arrow-down14
arrow-up1128arrow-down1external-linkYSK: Ranked: Minimum Wages in 50 U.S. States & 35 Countrieswww.visualcapitalist.comAfterNova@lemmy.world to You Should Know@lemmy.world · 6 days agomessage-square15fedilink
minus-squaremybuttnolie@sopuli.xyzlinkfedilinkarrow-up9arrow-down1·6 days agocost of living in most of these countries is massively lower than in US, even without counting cheap or free healthcare and schools
minus-squareEvil_Shrubbery@thelemmy.clublinkfedilinkarrow-up5·edit-26 days agoIt’s adjusted for cost of living, I assume that’s like a purchase parity thing. Edit: Figures are converted and expressed in 2021 U.S. dollars per hour using purchasing-power parity (PPP) to level out cost-of-living differences.
minus-squareDjehngo@lemmy.worldlinkfedilinkarrow-up4·6 days agoThis chart attempts to take that into account using OCED’s purchase power parity metric https://www.oecd.org/en/data/indicators/purchasing-power-parities-ppp.html I don’t know if the basket of goods takes into account healthcare and schooling and I expect it ignores taxes, but it sounds like the chart should be reasonably accurate.
cost of living in most of these countries is massively lower than in US, even without counting cheap or free healthcare and schools
It’s adjusted for cost of living, I assume that’s like a purchase parity thing.
Edit:
This chart attempts to take that into account using OCED’s purchase power parity metric
https://www.oecd.org/en/data/indicators/purchasing-power-parities-ppp.html
I don’t know if the basket of goods takes into account healthcare and schooling and I expect it ignores taxes, but it sounds like the chart should be reasonably accurate.