A significantly better metric to compare would be median hourly wage (ideally, purchasing power adjusted, but that's hard).
The US average is actually behind wealthier European nations there (Ireland, Scandinavia, Benelux, Switzerland, Germany): 20$/h compared to ~20€/h. Purchasing power adjustments would also probably favor Europe I guess.
So the much stronger US GDP/capita output apparently does very little for the average citizen...
This was honestly surprising to me, I actually expected the US to be comfortably ahead in this (specifically significantly ahead of Germany). France is also much weaker than I expected in this (~17€/h) not including it was cherry-picking on my part, Eastern Europe is super poor (Bulgaria under 5€/hour!), and the top contenders were unsurprising, except maybe how well Denmark did (~30€/h).
Sources: eurostat + statista (because couldn't find what I wanted on bls.gov)
> Purchasing power adjustments would also probably favor Europe I guess.
I doubt it. Germany and especially Switzerland have a quite hight cost of living. Coming from Canada, I get sticker shock every time I go to the US because of how cheap everything is. I had the opposite reaction going to Europe (except for Italy).
It would also be interesting to compare take-home (after tax) pay.
You are 100% right about Switzerland (but its so far ahead that adjustments would not matter too much), for the others its probably barely double digit percentage adjustments.
My personal experience is that German supermarkets are priced extremely competitive (Lidl/Aldi specifically), and Italy felt more expensive by comparison to me (except maybe for local produce and cheese).
Comparing after-tax pay instead would help the US pull ahead for sure, but I feel a bit mixed about that because those taxes pay for stuff like child- and healthcare, which in the US is probably significantly more expensive out-of-pocket than the median EU citizens pays in taxes for the same.
The US average is actually behind wealthier European nations there (Ireland, Scandinavia, Benelux, Switzerland, Germany): 20$/h compared to ~20€/h. Purchasing power adjustments would also probably favor Europe I guess.
So the much stronger US GDP/capita output apparently does very little for the average citizen...
This was honestly surprising to me, I actually expected the US to be comfortably ahead in this (specifically significantly ahead of Germany). France is also much weaker than I expected in this (~17€/h) not including it was cherry-picking on my part, Eastern Europe is super poor (Bulgaria under 5€/hour!), and the top contenders were unsurprising, except maybe how well Denmark did (~30€/h).
Sources: eurostat + statista (because couldn't find what I wanted on bls.gov)