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K1-90 t1_istbv7t wrote

Where's Bernie when we need him??

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R3lay0 t1_istg3d8 wrote

The average person's income data doesn't make any sense as it is already PPP adjusted.

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Kebet-Mendez t1_isx29qq wrote

The average wage in USA is higher than in Switzerland? Surprising.

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masamunecyrus t1_it1cue9 wrote

The data came from here

https://data.oecd.org/earnwage/average-wages.htm

But I'm not sure how they're counting that because there is absolutely no way I believe the average U.S. wage is $74,738.

Per the U.S. government, median household income is $65,712, and about half of all households are dual-income.

Edit: I learned to read.

> Average wages are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of the average usual weekly hours per full-time employee to the average usually weekly hours for all employees. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year.

So it's mean, not median, which is misleading, first of all. And I don't know why they bother trying to normalize by working hours, because a lot of people work longer than whatever that number is.

Edit 2' In any case, median personal income in the U.S. is about $56,000. In Switzerland, it appears to be about $50,000, though that's disposable income, after subtracting taxes, health insurance, and social insurance.

Subtracting standard federal taxes and average health monthly health insurance premium drops the US wage to about $45,000. That doesn't include state taxes, which might be another few thousand dollars.

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reddevil131313 t1_ist2yge wrote

Quite a lot of subplots to capture in this infographic, like which continent pays most? which country/continent has the highest ratio of price/wage? what's Netflix's pricing model in general, is the ratio fixed?

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Sophroniskos t1_isu4lg9 wrote

Definition of average wage from the source (OECD):
>"Average wages are obtained by dividing the national-accounts-based [e.g. GDP] total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of the average usual weekly hours per full-time employee to the average usually weekly hours for all employees. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year."

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FigliMigli t1_isuuufo wrote

Also offering in each country is very different. In Australia we get about 1/4 content of what USA gets on the same plan.

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jackdbd t1_isxckts wrote

I wonder why French Polynesia ends up paying more than France

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SaltedPepperoni t1_isujwno wrote

If that's the average of 70K for US....Uhh I must be in the wrong job?

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