Today I Learned (TIL)

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TIL Japan has a lower median wage than Poland (en.wikipedia.org)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 4 months ago

The following table represents data from OECD's "median disposable income per person" metric; disposable income deducts from gross income the value of taxes on income and wealth paid and of contributions paid by households to public social security schemes.[4] The figures are equivalised by dividing income by the square root of household size. As OECD displays median disposable incomes in each country's respective currency, the values were converted here using PPP conversion factors for private consumption from the same source, accounting for each country's cost of living in the year that the disposable median income was recorded.[5] Data are in United States dollars at current prices and current purchasing power parity for private consumption for the reference year.

It should be noted these numbers are in no way indicative of standard of living, as someone in a high tax country with excellent services may appear to have lower income despite having fewer expenses after taxes.