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Comment on YSK: Ranked: Minimum Wages in 50 U.S. States & 35 Countries

Evil_Shrubbery@thelemmy.club ⁨1⁩ ⁨week⁩ ago

So even in all of the best countries it’s still a huge struggle to live on minimal wage, yet there are additional huge & horrible differences to the worst ones.

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msage@programming.dev ⁨1⁩ ⁨week⁩ ago
Usually the EU countries have free healthcare, free schools, and social nets.

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mybuttnolie@sopuli.xyz ⁨1⁩ ⁨week⁩ ago
cost of living in most of these countries is massively lower than in US, even without counting cheap or free healthcare and schools

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- Evil_Shrubbery@thelemmy.club ⁨1⁩ ⁨week⁩ ago
  It’s adjusted for cost of living, I assume that’s like a purchase parity thing.
  
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- Djehngo@lemmy.world ⁨1⁩ ⁨week⁩ ago
  This chart attempts to take that into account using OCED’s purchase power parity metric
  
  oecd.org/…/purchasing-power-parities-ppp.html
  
  I don’t know if the basket of goods takes into account healthcare and schooling and I expect it ignores taxes, but it sounds like the chart should be reasonably accurate.
  
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