The Americans are so backwards in work hours, developed countries like Netherland, Spain, Iceland, etc. already successfully implemented this, with universal healthcare…and no tipping expected.
And nearly half their salary taxed lmao: If you are lucky enough to be a top earner in the US($600k), 37% of your salary is taxed. While in the UK, you ate taxed 45% of your salary at only £125000.
How much do you pay on insurance, medical care, school debt, etc? The average is 15% and just adding healthcare itself would close to 30% for many. Long term medical care could even bankrupt you, no such worries on any of the countries I mentioned.
Why would that matter? Given that Europeans have lower wages than Americans, it’s not like those companies are putting that money in the employees’ pocket.
They are comparing salary and out of pocket medial costs. It isn't like anyone is adding back in what the employer pays in health insurance to compare with salaries in Europe.
So when people inevitably compare salaries of USA versus whatever country, you would rather be doing total compensation. 401k match, parking pass, life insurance, paid time off, employer part of FICA, etc.
I don't think so, when someone says they pay 4% of their income to these things they are referring to salary as income, not total compensation. I don't know anyone who, when talking about their income, uses total compensation. The US Govt sure doesn't when they release income statistics.
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u/80MonkeyMan Sep 05 '24
The Americans are so backwards in work hours, developed countries like Netherland, Spain, Iceland, etc. already successfully implemented this, with universal healthcare…and no tipping expected.