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A comment on The Norway Model: How the Scandinavian country became a literary powerhouse. Parent comment

Re:The Norway Model: How the Scandinavian country became a l... by mejutoco on Tuesday December 05, 2023 @05:13AM (#38528984)
Higher average in itself does not mean that much without taking into account Purchase Power.

From this https://worldpopulationreview.com/country-rankings/purchasin... it seems US has about a 10x PPP difference, so your main point stands.

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Re:The Norway Model: How the Scandinavian country became a l... by vidarh on Tuesday December 05, 2023 @05:17AM (#38529032)
The 10x there compares local currency to USD. Given the NOK to USD exchange rate, a 10x PPP difference between NOK and USD means Norway and the US are near parity in terms of purchasing power in USD.

Actually, the salaries are now much closer than I thought, so depending on exactly which measures you use I might well have been wrong that US salaries are (still) much higher than Norwegian ones. The gap used to be fairly huge.

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