With a bit of a delay, we are posting the results from our "What does it cost" miniseries. The community support was really overwhelming, with a lot of comments comming from every corner of the world.
Lets start with the minimum wage.
We received 19 comments, ranging from <$0,01 to $18,00 as a minimum hourly payment. For comparison, we calculatd an 8 hour day, although we received comments that in some parts of the world working 10 or even 12 hours is the norm. In order to calculate a monthly wage we multipled that with 20 working day, and also here we received comments that working on 6 days the week or even every day is the reality in some contries. The minimum monthly wages before taxation that have been calculated in this way are depicted in the chart below.
As you can see, there are two groups of countries that differ sharply in terms of the minimal wage. The first group, with countries like US, Denmark, Australia, Sweden, Germany and UK have a range between $2.800 (US California) and $1.360 (US Florida). Although the first and the last are differeing by a factor of 2, the difference of Florida to the first country in the 2nd group, which is Bulgaria with $380 comes with a factor of 3.6. This secound group of countries include Bulgaria, Columbia, Mexico, Suriname, Cambodia, Pakistan, Nigeria and Venezuale have a range from $380 (Bulgaria) down to less than $1 in Venezuela.
This is very clearly pointing out, how different the income-situation worldwide is. It may be a thing to consider, when we meet each other here in this global Economy. Although HIVE or LEO is worth the same amount in terms of Dollars for everybody of us, the meaning of 1 Doller by itself may greatly vary between our local situation.
Thank you @cwow2, @jk6276, @ericburgoyne, @minimining, @oldmans, @bashadow, @taskmaster4450le, @shanibeer, @tbnfl4sun, @lyubo19, @ecoinstant, @justinpark, @aiovo, @startings01, @leononmc21 for your active contribution!
