Really ? What about healthcare and education and transportation and lodging costs?
Something tells me this would not get you far.
Well, it’s poverty level if you have like a family of 6+.
But a salary with no time frame doesn’t provide much info. If you’re an old fart and that was like a 1980 salary, you were ballin’ for out of school.
Marco:$2700 is really good living in Buffalo.
Not really. It’s kind of ok, but not close to “really good living.” (I went to school in Buffalo)
i just wanna buy a $10000 US house. Lmao
My friend in buffalo would have killed for $2700.
Not really. It’s kind of ok, but not close to “really good living.” (I went to school in Buffalo)
My dad got his PhD there and I lived there as a kid. That place is cheap AF.
OysterOmelet: Brianjones:Even if you double it that would be just 2700 USD per month , in the US that is poverty level I believe .
I understand your point though.No that’s not poverty level in the US. My salary out of college was $35K, living comfortably in a city that’s 40% more expensive than the US mean.
Well, it’s poverty level if you have like a family of 6+.
But a salary with no time frame doesn’t provide much info. If you’re an old fart and that was like a 1980 salary, you were ballin’ for out of school.
That was 15 years ago. I just looked on USA jobs and the same job is $48K.
If that’s 40% higher than the USA average, then the US average is 34K. About right.
Poundsand: Marco:$2700 is really good living in Buffalo.
Not really. It’s kind of ok, but not close to “really good living.” (I went to school in Buffalo)
i just wanna buy a $10000 US house. Lmao
My friend in buffalo would have killed for $2700.
Even in Buffalo, you’re not getting a $10k house. The reason that your friend would kill for a $2700/month job in Buffalo is that it’s a old rust belt town that’s had fits and starts but never quite fully recovered from the collapse of mid west industry. It has a poverty rate of something like 30%. So yeah, it’s an ok salary for the area, but that’s due to the low baseline.
That’s not what the world bank and other economists look at. They look at the whole picture.
You don’t get to be a country with top tier development levels, an 80+ year life expectancy as a ‘middle income economy’
The dollar amount means nothing. What can I buy with the money i get? Can i buy more or less? Am I spending too much on expenses?
Who in the world besides Ralph Jennings classifies Taiwan as a middle income country.
Poundsand:Not really. It’s kind of ok, but not close to “really good living.” (I went to school in Buffalo)
My dad got his PhD there and I lived there as a kid. That place is cheap AF.
That’s because of the 30% poverty rate and lack of prospects.
Even if you double it that would be just 2700 USD per month , in the US that is poverty level I believe .
I understand your point though.
Median (not mean, median) salary in the US is 26K. United States of America - Place Explorer - Data Commons
More like $34k
Average wages, median wages, and wage dispersion
You’re right, my cursor was on the 2011 number when the search results turned up.
https://www.google.com/search?rlz=1C1JZAP_enUS846US846&sxsrf=ALeKk02imsMC2Xm5IJzGcvs8XtVh6PP3Dg%3A1613529498047&ei=moEsYMjxAYnH_QatrbTwBA&q=median+income+usa&oq=median+income+usa&gs_lcp=Cgdnd3Mtd2l6EAMyBwgjELECECcyBAgAEAoyBAgAEAoyBAgAEAoyBAgAEAoyBAgAEAoyBAgAEAoyBAgAEAoyBAgAEAoyBAgAEAo6BAgjECc6BQgAEJECOgsILhCxAxDHARCjAjoCCAA6CAgAELEDEIMBOgUIABCxAzoICC4QsQMQgwE6CgguEMcBEKMCEEM6CAguEMcBEKMCOgoIABCHAhDJAxAUOgUIABCSAzoNCAAQhwIQsQMQyQMQFDoICAAQsQMQyQNQqcpJWOzhSWDn40loA3AAeAGAAY0BiAGJDJIBBDE4LjOYAQCgAQGqAQdnd3Mtd2l6wAEB&sclient=gws-wiz&ved=0ahUKEwjIpsLk8e_uAhWJY98KHa0WDU4Q4dUDCA0&uact=5
But that’s still not much different from 2700 a month, so @Marco’s point remains.
Even in Buffalo, you’re not getting a $10k house. The reason that your friend would kill for a $2700/month job in Buffalo is that it’s a old rust belt town that’s had fits and starts but never quite fully recovered from the collapse of mid west industry. It has a poverty rate of something like 30%. So yeah, it’s an ok salary for the area, but that’s due to the low baseline.
But they still need doctors.
When I was there, most Asians were affiliated with the university, either students are faculty. You still can earn a professional salary and pay the same living costs as all the blue-collared folk.
Correct me if I’m wrong -
Compared to cost of living, Taiwan’s pay is high. Compared in absolute dollar value to other developed countries, Taiwan’s pay is low.Relatively speaking, things like computers, cars, and especially houses are more expensive in Taiwan. With cultural norms around owning property, saving money, and filial piety, it makes Taiwan’s pay seem much lower (to the average Taiwanese) than it might look to an outsider.
The rich are getting richer and the average salary isn’t keeping up, and many young people will never be able to afford a house. It’s the same story as in many parts of the developed world with added Taiwanese flavor.
A Big Mac is 55% less in Taiwan than the US.
Our Big Mac index shows how burger prices are changing
In what countries is the ubiquitous meal cheapest—and dearest?
I don’t think anyone didn’t think there’s not some better than average jobs just about everywhere, but sure, ok.
According to this video textile workers in Taiwan get paid less than in Vietnam.
That’s why textile companies move to Vietnam. To pay higher wages. Just kidding, they move to Laos and Myanmar.
According to this video textile workers in Taiwan get paid less than in Vietnam.
https://www.youtube.com/watch?v=CGU33unOOjM&
That’s sus. My Chinese isn’t very good. Care to explain why they would get paid more than 1000 USD per month (roughly the minimum wage in Taiwan) in a country where average income is less than 250 dollars?
With the recent increase in NTD valuation, Taiwan’s nominal GDP per capita is higher than Spain and within 5% of Korea and Italy.
That’s sus. My Chinese isn’t very good. Care to explain why they would get paid more than 1000 USD per month (roughly the minimum wage in Taiwan) in a country where average income is less than 250 dollars?
The video didn’t say.
Economy grows 3% and real wages only grow 1.7%.
While nominal average take-home pay only rose slightly last year, real average pay advanced 1.7 percent to NT$41,538, the largest increase over the past two decades, thanks to a 0.23 percent fall in the consumer price index (CPI), the data showed.
Virus effects shrink workforce - Taipei Times
Bringing Taiwan to the World and the World to Taiwan
Back to the OP: Semiconductor revenue grew like what? 20%? Yet UMC is raising salaries only by 2-6%. Wage growth is still lagging behind overall growth.