Average is a poor metric, as it accounts for the rich who steal like there’s no tomorrow in countries like Russia. Go by the minimum.
The minimum what? I’m pretty sure the minimum is 0 in both places. The minimum salary mandated by the government? That’s just a policy, it says nothing on how realistic, widespread or sustainable it is within the two countries.
Either way I’m sure there’s a perfect metric for a comparison, probbaly the kind of lifestyle you can attain with that income, but I’d be surprised to find it significantly different than this rough estimate.
I also don’t believe people attracted by this prospect are economists…
Not to underplay how bad things are in Russia, but the gini coefficient is actually a bit higher in the US
Huh, look at that.
That’s income, though, which is correct for this discussion. It’s the same colour on the wealth map, and I can only imagine how skewed the raw data is with all the hidden wealth.
