Comparing income after taxes doesn't seem very useful to me: In many countries, especially in Europe, things like health insurance, schooling and universities, pension and many more are "included" in the taxes you pay, so even if the available income in USD is lower, the effective purchasing power will probably be on par or even higher in my opinion.
Also, these income comparisons don't take into account that Europeans usually work much less than Americans: In Germany and France most employees only work 30-40 hours per week, and have usually at least 30 days of paid vacation per year.
I wonder if there are studies that try to take these things into account.
Also, these income comparisons don't take into account that Europeans usually work much less than Americans: In Germany and France most employees only work 30-40 hours per week, and have usually at least 30 days of paid vacation per year.
I wonder if there are studies that try to take these things into account.