TOP 2 COUNTRIES WITH THE HIGHEST SALARIES

  General   Jan 27, 2016   0   1180  Add to Reading List

Do you ever wonder which country pays its workers the highest salary? Have you ever thought that you’re not truly being paid what you’re worth? Let’s take a quick look at the top Two countries

TOP 2 COUNTRIES WITH THE HIGHEST SALARIES
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Do you ever wonder which country pays its workers the highest salary? Have you ever thought that you’re not truly being paid what you’re worth? Let’s take a quick look at the top 2 countries where people enjoy the highest level of disposable income. What is disposable income? It’s the amount of money that a household gains each year after taxes and transfers, so it basically represents the money available to a household for spending on goods or services. These averages are based on the OECD research calculated for single workers without children. Do you think your country is on the list? Let’s find out!

1.FRANCE

France
France

Well, the infamously discontent French made it to the top 10 list! France is ranked the world’s seventh largest economies. To explain why the French per capita GDP is lower than that of the United States, the economist Paul Krugman stated that “French workers are roughly as productive as US workers”, but that the French have allegedly a lower workforce participation rate and “when they work, they work fewer hours”. That may be due to the 35-hour workweek law introduced in 1999. By the way, the French receive $28,799 a year after all taxes, which are 49.4% on the average. This is the second largest tax wedge across the OECD countries.

2. SWEDEN

Based on World Bank data, this beautiful scandinavian kingdom is the sixth richest country in the world in terms of GDP per capita. Sweden is an export-oriented mixed economy: timber, hydropower and iron ore constitute the resource base of the economy with a heavy emphasis on foreign trade. Sweden’s engineering sector accounts for 50% of output and exports. This socialist democracy (of which you’re actually going to see quite a few on this list) maintains a Nordic social welfare system that provides universal health care and tertiary education for its citizens. In return, people have to give up 42.4% of their income, but on the average they still receive $29,185 a year. Continue reading from: topmenmagazine.com

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