Comment by legitster
10 hours ago
The US also has GDP per capita of $90k and Japan has a GDP per capita of ~ $35k.
Put another way, in both countries a hip replacement surgery is almost exactly 1/8 of someone's per capita GDP.
10 hours ago
The US also has GDP per capita of $90k and Japan has a GDP per capita of ~ $35k.
Put another way, in both countries a hip replacement surgery is almost exactly 1/8 of someone's per capita GDP.
The median salary in the US is around $61k a year and in Japan is around $42k a year. Salary-wise the difference is not as big as GDP per capita
The difference that using percentage of GDP instead that Japan moves close to the European countries. The US remains a very expensive outlier.
https://data.worldbank.org/indicator/SH.XPD.CHEX.GD.ZS?locat...
Too bad Walmart greeter isn't making "per capita GDP".
Some quick googling suggested cashiers at Seiyu in Japan earn $7-9/hour USD while Walmart is about double that.
If the Japanese cashier makes half the amount, but spends only 1/3 on healthcare that still seems to favor Japan
2 replies →
They make more than they would in Japan. But people can make $0 in any country. Regardless, part-time Walmart greeters are fortunately not paying full price for health insurance in the US.
“someone” in this case is in the 73rd percentile in the USA and ~40th in JP.
So the USA is still significantly more expensive as a portion of actual income. “GDP per capita” is a relatively useless figure
This feels like a misleading ratio, it's just saying the cost is the same in per capita terms but says nothing about the absolute cost or more importantly cost as a percentage of income, which matters for the majority of people in the denominator of the GDP per capita calculation.