Wednesday, July 19, 2023

Wages Chatter

 I sat and browsed through a Wall Street Journal report....which suggests that via wages....Europeans have generally done worse off than Americans....over a 15-year period.

These reports always come with a mixed view situation.

I tend to agree salary structure in most countries are not at the US level....but if you viewed 'standards of living'....you'd have a different view.

I certainly can compare California with Bavaria, then say that Bavaria is a heck of a lot better, in terms of controlling crime, infrastructure, and having less poverty.

I'd generally say the same for comparing California with France or Spain.

The problem, if there were one, is that taxes in Europe eat up a fair amount of income levels, by the time you count property taxes, gas tax, the VAT, income tax, and the cost of health insurance.  In this moment, you are simply hoping that competent people take your tax money, and use it in a smart fashion (avoiding building 'bridges to nowhere').

The fact that a lot of what these Europeans would purchase (beyond the grocery) is Chinese-made?  Yeah, this trend is one that might consume a long conversation.  

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