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] 12 points 4 months ago* (last edited 4 months ago)

Don't we need to know the purchasing power of money in the country? Without that the median wage is just a number and it doesn't tell anything about standard of living and such. We only get to know how many foreign products they can afford in dollars. And not even that because import tax varies, too.

And last time I looked, Japan had lik 8% or 10% VAT. And I believe Poland has 23%. So immediately all goods are way more expensive and it doesn't really compare.