Re:America Is Regressing into a Developing Nation for Most P...
by rayiner on Saturday June 22, 2019 @03:53PM
(#20251405)
The figures are OECD figures, which are adjusted for cost of living. Stuff like healthcare and public services are a difference, but at the median, Americans have employer-paid healthcare (which covers 80% of premiums on average). And if you’re in an ACA state, your premiums are capped at 10% of your income.
Re:America Is Regressing into a Developing Nation for Most P...
by pavpanchekha on Saturday June 22, 2019 @03:34PM
(#20251301)
You may be interested in Jones and Klenow (AER 2016) http://klenow.com/Jones_Klenow.pdf, which incorporate consumption, inequality, leisure, and life expectancy to correct for these factors.
You can't compare raw numbers. What's the cost of life? Cost of transport? Cost of healthcare? Job security? Quantity and quality of public services?