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Joined 2 years ago
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Cake day: September 2nd, 2023

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  • After reading my comment. You are right, it is not impossible.

    However, it still is not a good indicator for minimum wage.

    IMO, minimum wage should be based on expenses. That is, it should cover what you need to live a decent life.

    That definition is based on other’s income. Imagine you live in a country where housing is 1€/month and food is 0.10€/month. The rest of the costs scale accordingly. Yet it is an incredibly rich country and the median income is 10000€/year. Would you say that a yearly wage of 120€/year is risk-of-poverty? It’s 0.001% of the median income, yet it can provide for 10 years of housing in 1 year of work.







  • Europeans also buy little glasses for Timmy and such. I don’t think the price of those kind of things is much different. Same for utilities, phone and TV. The one I’m most uncertain about is utilities, but I believe electricity at least is usually cheaper in america.

    The car one is fair. Although it’s true that in Europe there’s also tons of people on cars, public transit is at least a valid option, unlike in much of the US.

    Taxes is not though. Taxes in america are usually way lower than in Europe.

    So transportation+healthcare are the only expenses that are clearly more expensive in america. Housing being highly dependant on location is hard to compare nation-based. And it’s also the biggest component. I’d be curious to see the actual “living wage” difference between two places, one Europeans and another American with similar housing prices.