They make 50% less. And they don't have to pay $1000 per head for private insurance, more for other insurance, $3000/month for being able to be a roommate in a 30 m2 apartment. Also they have disability, reasonable retirement, paid vacations and everything that are pretty much nonexistent for American employees.
If you are a professor, you are not one of the 'most of us'. For most, things are really that bad.
https://www.cnbc.com/2016/12/13/americas-dirty-little-secret...
There are millions of working families where both parents and even children work and yet they still suffer hunger.
I know that you Americans use the word 'middle class' in place of 'working class'. No, a professor would not be 'working class'. Its lower upper class at the least. Both in Europe and the US.
Even for the public university case, the Europeans have benefits that you likely don't calculate. From getting state-subsidies per child to rent control to many different things. You shouldnt calculate the difference just over pension, medical and housing.
"Yeah, if you disregard all the poor people that struggle to stay alive, us rich people are generally much richer".
I think your exact statement is probably true. Because most European countries tries to distribute wealth in such a way that everyone gets to live, with food, healthcare, education and housing. And naturally that means that the 50% wealthiest in Europe are less wealthy than the 50% wealthiest in the US.
But the 50% poorest in Europe are much wealthier than the 50% poorest in the US.
We don’t even make that much by US coastal standards.
My retired grandparents have total monthly expenses of $3k but make $12k/mo from their pensions plus around a million in retirement accounts. Their entire careers they barely made more than the median household income and had kids.
The advantage of making a lot of money in expensive cities is you get an amazing deal when you pay “world rates” for things. But living in cheap medium size cities gives you an absolutely fucktonne of purchasing power.
For a software engineer, I’m not sure if the Netherlands makes sense. For everyone else, I’m almost certain it does.
https://twitter.com/CPopeHC/status/1466794872648650752
https://substackcdn.com/image/fetch/f_auto,q_auto:best,fl_pr...
https://en.wikipedia.org/wiki/OECD_Better_Life_Index#2020
I think a more interesting point is that people in the UK and Japan specifically are poorer than you'd think they are. And they don't have working clothes dryers either.