What I meant is that due to various factors the typical Norwegian earns, but also has to spend, much more than pretty much anyone else in Europe. This of course means that they are not rich in their own country, but when looking at salaries from other places 400k may not seem as much as it is in reality.
I don’t think there is a country except maybe like Dubai where 400k a year as a sallary ‘is nothing’, but even there it would be a lot.
But in an organization were talking about about 130 million USD in pure income, 400 thousand USD a year as a leader sallary isn’t that much.
If you want context about Norway:
Because of unionization, the social democratic regulations it means that the country’s wages are much more even. Specialized jobs which would otherwise have a incredulous salary is brought down while most job salaries are brought up, and jobs that don’t really have much benefit can’t exist in the economy, and therefore you can’t have ‘grocery packers’ in Scandinavia for example. This builds a strong economy, but there still must logically be different value to different jobs as skills can be more rear or more difficult to get.
There is ofc as you say the difference in valuta, but 400K pr year would be ‘a hell of a lot of money’. A very high earning job would be more like 100K pr year, and the median yearly salary for people are between 20 and 30K. Those under at the limit at being poor get’s state funds so they can have at least a almost a minimum income lifestyle. (Although things have gotten worse since we’ve had a right leaning government for 8 years now)
I don’t even earn a median yearly sallary myself, but I hope to one day.
What I meant is that due to various factors the typical Norwegian earns, but also has to spend, much more than pretty much anyone else in Europe. This of course means that they are not rich in their own country, but when looking at salaries from other places 400k may not seem as much as it is in reality.
It would be a lot.
I don’t think there is a country except maybe like Dubai where 400k a year as a sallary ‘is nothing’, but even there it would be a lot.
But in an organization were talking about about 130 million USD in pure income, 400 thousand USD a year as a leader sallary isn’t that much.
If you want context about Norway: Because of unionization, the social democratic regulations it means that the country’s wages are much more even. Specialized jobs which would otherwise have a incredulous salary is brought down while most job salaries are brought up, and jobs that don’t really have much benefit can’t exist in the economy, and therefore you can’t have ‘grocery packers’ in Scandinavia for example. This builds a strong economy, but there still must logically be different value to different jobs as skills can be more rear or more difficult to get.
There is ofc as you say the difference in valuta, but 400K pr year would be ‘a hell of a lot of money’. A very high earning job would be more like 100K pr year, and the median yearly salary for people are between 20 and 30K. Those under at the limit at being poor get’s state funds so they can have at least a almost a minimum income lifestyle. (Although things have gotten worse since we’ve had a right leaning government for 8 years now)
I don’t even earn a median yearly sallary myself, but I hope to one day.