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0 pointskuzimoto6y ago0 comments

Interestingly, Australia currently has the highest minimum wage (in the world) but similar levels of poverty to the United States.

In addition, Australia has much higher taxes overall than US, but lower taxes for low-income earners.

I'm not an expert on economics by any means, but the population of the US is about 13x that of Australia and I don't know if it's possible to make a direct comparison between the two.

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2 comments · 1 top-level

grecy6y ago· 1 in thread

That's why we do comparisons per capita.

kuzimotoOP6y ago

I think these issues are a lot more nuanced than that. Maybe I'm completely wrong, but it seems like diseconomies of scale could have an impact on how well the US operates and maybe requires a lot more tax dollars per capita than does Australia for the same things.

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