[QUOTE=Malodorous]
I don’t see how low GDP per capita translates to a low average salary.
[/QUOTE]
I was waiting for that. You’re right, it’s not directly related and I don’t have anything to tie it to a standard of living or wages.
[QUOTE=Malodorous]
I’m pretty sure that GDP per captia includes non-working people in the “per capita” part. So France’s would be lower even if the average incme was the same there as in the US, since they have a much higher precentage of their population unemployed.
Of course you might be right and French people may lower average incomes (they certainly have a higher tax burden in anycase), but I don’t think comparing GDP per capita demonstrates this (my google-fu is unequal to the task of finding average income stats in the two countries, perhaps someone else can find some numbers).
My bad, I think its just across the G7 countries, not the world at large.
[/QUOTE]
Didn’t mean to pick on the French but their attempt to solve unemployment with social engineering has not been successful. Not sure how it relates to wages or productivity.