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Norway is an oil company with a nation state subsidiary. Salaries and purchasing power are significantly lower than the in US. Is there an alternative to GDP that doesn't include externally invested oil profits?
Earlier quoted context omitted.
+1 for the OP posting a non-paywall alternative rather than leaving it to somebody else.
Some day we'll lose this ability and it'll be a sad day for HN. Feels like a special trick we've got to enjoy while we can. Nice submission OP - I learned something.
Who actually pays for legacy media anymore?
My personal opinion here. For a long time GDP and standard of living/well-being of a society have been correlated that people started to think that these are the same. These two are becoming more and more detached each year with progressing inequality. To the point that GDP now tells us very little about a country. For example Bermuda. The high GDP per capita incomes is fueled by offshore financial services, but that…
It's just an easy and lazy measurement most can (or think they) understand.
I think these calculations are essentially horseshit. Norway is an oil company with a nation state subsidiary. Salaries and purchasing power are significantly lower than the in US. Is there an alternative to GDP that doesn't include externally invested oil profits?
It's a GDP per capita with some adjustment ranking.
Don't understand why is it triggering you. The news isn't about average salary or purchasing power.
As an American living in Berlin for 2 years while working as a software dev, this article very much confirms my experience. The move started with a bit of sticker shock at having my income effectively cut in half - lower salaries and higher taxes - but I feel just as "rich". Germany has very strong worker protection laws, I feel secure in my job, the time off minimum STARTS at 28 days a year, + holidays + effectively…
As an American living in Berlin for 2 years while working as a software dev, this article very much confirms my experience. The move started with a bit of sticker shock at having my income effectively cut in half - lower salaries and higher taxes - but I feel just as "rich". Germany has very strong worker protection laws, I feel secure in my job, the time off minimum STARTS at 28 days a year, + holidays + effectively…
The thing that jumps out to me about life in the USA is how much time you spend maintaining it rather than living it. Chasing down bills for health care, until recently a lack of autopay, steady stream of paperwork and decisions from the schools…just a million fine-grained decisions and responsibilities when compared to other advanced economies.
I used to feel it was because I have more choices in the US, but some sectors here like telecom or travel are much less competitive than OECD norms.
No place is perfect, of course. But I am in SV because I love the work environment, not the quality of life in the USA which I consider flat and exhausting compared to the other countries I’ve lived in.
As an American living in Berlin for 2 years while working as a software dev, this article very much confirms my experience. The move started with a bit of sticker shock at having my income effectively cut in half - lower salaries and higher taxes - but I feel just as "rich". Germany has very strong worker protection laws, I feel secure in my job, the time off minimum STARTS at 28 days a year, + holidays + effectively…
*my brother in law lives in Germany making less than half of what I make and I still envy his lifestyle . He and his wife are going on a 20 day trip to Greece and I am on-call over the holidays . But I make more than double and have my “freedom” and supposed choice of where my tax dollars go.
I think these calculations are essentially horseshit. Norway is an oil company with a nation state subsidiary. Salaries and purchasing power are significantly lower than the in US. Is there an alternative to GDP that doesn't include externally invested oil profits?
So yes, there is an alternative, just do the statistics properly.
[1] https://www.ssb.no/nasjonalregnskap-og-konjunkturer/nasjonal...
As an American living in Berlin for 2 years while working as a software dev, this article very much confirms my experience. The move started with a bit of sticker shock at having my income effectively cut in half - lower salaries and higher taxes - but I feel just as "rich". Germany has very strong worker protection laws, I feel secure in my job, the time off minimum STARTS at 28 days a year, + holidays + effectively…
> but I feel just as "rich" i think it really depends on the lifestyle you're accustomed to having.
It would be interesting to see this using median income or similar meassure rather than GDP per capita. Inequality by itself doesn't have to be a problem (depending on economic ideology) but if all purchasing power is restricted to a few ultra rich that should be relevant to the discussion of whether a country is rich.