Re:Dan Price says raising min wage to $70k led to baby boom,...
by throwaway09223 on Wednesday September 15, 2021 @03:01PM
(#28542975)
The trouble with comparisons like this is the lack of scale and perspective. Australia and Taiwan are roughly half the size of California. The United States has a far larger size, and a far greater regional diversity.
If you draw comparisons across similar population sizes and similar geographic regions, for example comparing the USA to all of Europe, the numbers look a lot more similar:
Europe median: $26k
Europe mean: $174k
USA media: $82k
USA mean: $505k
Both regions have roughly a factor of 6 difference between median and mean wealth.
If you draw comparisons across similar population sizes and similar geographic regions, for example comparing the USA to all of Europe, the numbers look a lot more similar:
Europe median: $26k Europe mean: $174k
USA media: $82k USA mean: $505k
Both regions have roughly a factor of 6 difference between median and mean wealth.