Average salaries differ widely across Europe. The cost of living does too. So, which countries offer the highest pay? And how do salaries compare when adjusted for purchasing power standards?
Germany (€4,250) offers the highest average salary among the EU’s four largest economies, followed by France (€3,555). Both Italy (€2,729) and Spain (€2,716) were below the EU average by more than €400.
A better comparison here is the adjusted gross disposable income of households per capita in PPS (Purchasing Power Standards). The major difference to the salary figure is that the disposable income represents the total amount a household earns minus current taxes on income. This is essentially the amount of money people have ‘at their disposal’ as the name suggests.
This adjusted gross disposable income of households per capita in PPS in the EU shows a different picture. The EU average is at EUR 2,337 (compared to EUR 3,155 as Euronews’ salary), and the data is closer together than in Euronews’ salary report.
But as others have already said, even this is not very meaningful. If you want to compare the living standards of people, you can’t do this by using a single metric. You’ll need a dashboard of different measures AND I suggest that even then there may be factors that can’t be measured at all. The salary is only one -and, in my humble opinion, a very weak- measure and I’d agree with @Kennystillalive@feddit.org’s comment in this thread that it has “absolutely zero value for the average Joe.”
[Edit typo.]
Nice another metric with absolutely zero value for the average joe, just to envoque a sense of patriotism seing their countries ranked against other countries.
TIL, I’m getting ripped off
Talk to your union 👍
Has Switzerland stopped being in Europe then?
Swtzerland is on the list …
The excerpt from the article is about EU, that’s why Germany is ranked first (but also only among the ones mentioned). When you open the link you can see a graph which ranks EU countries first and then rings in the rest of Europe including Switzerland with it’s high wages and high costs of living.
You clearly didn’t read the article 🙄
You are wrong.
Then you should take a second look. It’s on the chart and directly referenced in the text.