Price comparison?

[Axe]

I think the 'average' figures quoted above are government average wages, I would hazard a guess that in reality the average wage is around £5-6 per hour {$12.00 or so}. Which is a lot more than £3.60 equivalent in the US. With those US figures in mind (I am a little shocked actually), then the prices probably work out similarly, like for like, country for country?

[J.J.]

Originally Posted by Axe

I think the 'average' figures quoted above are government average wages, I would hazard a guess that in reality the average wage is around £5-6 per hour {$12.00 or so}. Which is a lot more than £3.60 equivalent in the US. With those US figures in mind (I am a little shocked actually), then the prices probably work out similarly, like for like, country for country?

That is what I expected too, although I think it is rediculous that or government believes the average person can live and function on 5.XX/ hr. I would definitely support and increase in the minimum wage here in the US. I just feel it's way too low. I;m sure some economics expert will chime in any minute and rip my head off for saying that though!


JJ

[the other pc]

Originally Posted by J.J.

... In the USA, the average person makes about $5.XX something and hour. ...

$5.15/hr is the Federal minimum wage for a US worker. Each state sets its own minimum wage, higher if it chooses. In California it's $6.75/hr. That's the lowest wage, average is considerably higher.


PC.

[ddolat]

I believe the federal minimum wage is $5.15 per hour. This does not reflect the average income in the U.S. but rather the minimum you can legally pay an individual. Through a search on Yahoo I found that an average income of $36,764 per year was reported by the Bureau of Labor in 2002.

[J.J.]

I don't think I phrased the statement right. My apologies. I was indeed speaking of the minimum wage!

JJ