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.
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.
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.
Usually the EU countries have free healthcare, free schools, and social nets.
cost of living in most of these countries is massively lower than in US, even without counting cheap or free healthcare and schools
This chart attempts to take that into account using OCED’s purchase power parity metric
https://www.oecd.org/en/data/indicators/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.
It’s adjusted for cost of living, I assume that’s like a purchase parity thing.
Edit: