Difficult to compare usa vd European countries due to size differences.
Better to compare individual states vs European countries.
How does California compare with Norway Is better than usa vs Norway.
The Richest Countries in 2023
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Re: The Richest Countries in 2023
#12It 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.
Re: The Richest Countries in 2023
#13Difficult to compare usa vd European countries due to size differences. Better to compare individual states vs European countries. How does California compare with Norway Is better than usa vs Norway.
All countries are relatively big/small compared to others.
Switzerland is comparable in size to some of the biggest US counties (San Bernardino is half of Switzerland e.g.).
Re: The Richest Countries in 2023
#14I read into the numbers behind "hours worked" from OECD [1]. It seems wild to me that the United States on average works 500 more hours a year, compared to the top counties on that list, and 300 more than the EU average. I've never really been a proponent (or opponent) of the four-day work week, but this seems to indicate you become "richer" if you work less. At least according to this type of ranking. [1]: https://d…
> but this seems to indicate you become "richer" if you work less. Could this be in the opposite direction, where the richer you are, the less you need to work?
maybe the affordability issue where people need more than one job in the US is showing up here.
Re: The Richest Countries in 2023
#15As 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…
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Re: The Richest Countries in 2023
#16I read into the numbers behind "hours worked" from OECD [1]. It seems wild to me that the United States on average works 500 more hours a year, compared to the top counties on that list, and 300 more than the EU average. I've never really been a proponent (or opponent) of the four-day work week, but this seems to indicate you become "richer" if you work less. At least according to this type of ranking. [1]: https://d…
> It seems wild to me that the United States on average works 500 more hours a year
I think that ultimately stems from different workers' rights in US where people work even if sick due to the sick leave limits and low mandatory vacation days.
I'm quite sure people that are independent/self-employed in Europe work comparable numbers because they too will likely take much less vacations and sick days.
Re: The Richest Countries in 2023
#17As 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.
Re: The Richest Countries in 2023
#18Re: The Richest Countries in 2023
#19Is GDP per person even useful? Ok, the country is rich, cool, now what? GDP pp doesn't tell me anything about how the citizens benefit from it.
Re: The Richest Countries in 2023
#20I read into the numbers behind "hours worked" from OECD [1]. It seems wild to me that the United States on average works 500 more hours a year, compared to the top counties on that list, and 300 more than the EU average. I've never really been a proponent (or opponent) of the four-day work week, but this seems to indicate you become "richer" if you work less. At least according to this type of ranking. [1]: https://d…
More of the total work that people have to do, including chores, is in the US work that people pay for and are paid for, rather then doing it for themselves.
Wow that's an interesting thought.
If every did their neighbor's laundry (say) and charged a fee, then everyone would be doing the same amount of laundry and have the same amount of money, yet GDP would rise?