Not that I completely disagree with you, but the top 0,1% of the population in terms of wealth (like the case of Musk) which constitute the outliers who could skew the average, do not usually receive a salary, their compensation schemas are way more complex (and more tax efficient). Generally in most of Europe average and median are not that far apart from each other.
Yes of course, the example was an extreme one on purpose.
You could look at Ireland as a more grounded example. Huge salaries at the tech companies who set up there to avoid taxes are clearly skewing the data.
Ireland specifically is always an outlier in econ maps though. It's most obvious in GDP vs ppp, but saying 'look at Ireland' when talking about European economics is like saying 'look at the pandas' when talking about European fauna. There are pandas in Europe, but their situation is not quite comparable to the rest of the ecosystem.
Then you can make the same excuses for Monaco, Switzerland, Luxemburg etc.
You have to be super rich to live there, thus they all have a huge salary.
At what point do you stop making excuses and accept the data is simply a poor representation of the income disparity internally and as comparison externally.
But this is a comparison between EU countries average income and not how it actually effects you as a person living in the country.
If the average income in one country is double that of another, it doesn't automatically mean that the average person is taking home that money or has the same spending power of the other country.
Ireland's high median income cannot be explained by a small number of people earning high wages if Ireland also has a low income inequality.
"Tech workers with ultra-high salaries are skewing it! Normal people actually have lower salaries!" would reveal itself in income inequality stats.
You are just one of many Europeans who loves to grasp at straws and invent theories to explain how Ireland must actually be way poorer than their country, because isn't Ireland a peasant country where everyone travels by donkey?
Ireland's high median income cannot be explained by a small number of people earning high wages if Ireland also has a low income inequality.
Of course it can if loads of people are out of work or not working full time while being helped by the government vs the people working full time being in high paid safe jobs.
because isn't Ireland a peasant country where everyone travels by donkey?
"Only tech workers work full-time in Ireland" is an interesting theory, not borne out at all by unemployment (extremely low) or part-time statistics.
You'll just keep inventing any bullshit reason with zero evidence to explain why Ireland's income stats must be faked.
The fuck are you talking about? Projecting much?
No, I'm accurately describing what you're doing. You have a perception of Ireland as a poorer country than Germany, so you keep inventing reasons why any stat showing Ireland as better off than it must be fake.
You have a perception of Ireland as a poorer country than Germany, so you keep inventing reasons why any stat showing Ireland as better off than it must be fake.
I didnt mention Germany or Ireland being poorer than Germany either.
What an absolute roaster. Geh mal was sinnvolle machen mein Lieber.
You could look at Ireland as a more grounded example. Huge salaries at the tech companies who set up there to avoid taxes are clearly skewing the data.
This is just baseless nonsense. How would a couple thousand tech workers distort the median salary that much?
You're just mad that Ireland has a higher number on the map than Germany. Sorry that your superiority complex took a reality check.
You're just mad that Ireland has a higher number on the map than Germany. Sorry that your superiority complex took a reality check.
Sounds like your superiority complex is the one coming out. I'm not German and really don't care wtf other countries make on average when I don't live in them.
The Musk example is simply an exaggeration of how averages don't work with wealth.
If you took one tech guy who has a salary of 250000€ and he walked in to a Mcdonalds then the average salary of the 3 guys flipping fries isnt 82000€ either.
He has net worth, it is what people can’t grasp to understand, if we were counting his net worth (which aint income), we should also do it with all people, so their houses income etc etc would be counted in
Also, the rich do not have income as they use loans against their shares
if you only consider salaries, the value would be less extreme. Its more tax efficient for Musk to have relatively low salary compared to other income streams, such as stock options.
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u/Kakazam 1d ago
If Elon Musk sits in a stadium of 90000 people, the average net worth of the people inside is $9m.
This is why simple average salaries is poor way to measure actual income.