Some of the most important aspects when it comes to determining people’s lifestyle and quality of life have to do with the wages they receive. Monthly, weekly, bi-weekly, in pesos, dollars or euros; This item determines such things as the layer in which you live, your ability or purchasing power, whether there are educational options or whether you can allocate some of what you earn to savings or investments.
According to Analdex, some imported goods will have to be manufactured domestically in time for the Christmas season.
One of the most common ways experts and economic authorities have of encouraging or limiting consumption at home is based on the wages they earn because, for example, it is related to the consumer price index or, for example, inflation, which rises in the same range as things get more expensive. Not surprisingly, the poorest sections of cities are those whose residents earn less than the minimum wage.
Colombia is currently debating what the minimum wage increase will be for 2023, and for over a month now various analysts have been making suggestions as to what the increase should be, even saying an increase of up to 25 percent. while others, more cautious, say it should not even reach double digits because it would seriously affect the country’s economic growth.
The wage factor is so important to people today that many emigrate in search of better opportunities. Colombians most often choose countries such as Spain, the United States and Canada; however, there are other alternatives that people are not aware of and that can be analyzed as areas of economic growth, given the high level of wages paid to their employees.
According to a ranking prepared by Paylab, Switzerland (€7,339.86 per month) is currently the country with the highest wages, taking the average wage as a basis. It is worth noting that this does not mean that it is the richest country, as one should not forget that higher wages also cause consumer prices to rise. However, one only has to look at the lifestyle of its citizens to see that they are not poor.
Colombia’s SOAT evasion rate exceeds 47%.
“The wage range of people working in Switzerland usually ranges from CHF 3,624 (low wages) to CHF 11,780 (high wages, actual maximum wages can be higher). This is the total monthly salary, including bonuses. Salaries can vary considerably depending on the job category,” the report says.
Liechtenstein with €5,976.26 per month; Denmark with €5,871.29; the United States with €5,685.62; and Luxembourg with €5,020.34 round out the top five. The figures are noticeably far from the €1,400 per month in Spain, which is not even in the top 25, or in any Latin American country that does not appear in this ranking. .
In the case of Colombia, according to an analysis by Talent.com, the average salary is between 2.5 and 3 million pesos, which translated into euros does not exceed 600 euros. It should be noted that there are professions, mostly derived from medicine, where some earn up to 10 million pesos or more. Nevertheless, translated into the currency of the old continent, this is barely 2,000 euros, just above Spain and very far from Switzerland.
An engineer, architect and businessman working on an engineering project at a construction site. The concept of building a house. Photo of a young architectural engineer using a laptop computer.
In the United States, the only country in the Americas that appears on this list, “The salary range for people who work there typically ranges from $2,639 (low wage) to $10,087 (high wage, actual maximum wage may be higher) This is the total salary per month, including bonuses. Salaries can vary greatly depending on the job category.”
Another important point this report draws on is the relationship between people’s education level and their earnings, as it emphasizes that the more education and training, regardless of the industry chosen, the higher the opportunity for remuneration. significantly higher, even reaching the management or command levels that are the highest paid in companies today.
1. Denmark
The Kingdom of Denmark is a senior member of the European Union with a rich history and an unbroken monarchical tradition. The excellent climate and incomparable standard of living, developed economy and decent health care justify the high tax rates. Minimum wage – the highest in the European Union – is 44 euros per hour (about 6100 euros per month).
2. Luxembourg
One of the smallest countries in Europe with one of the highest per capita incomes in the world at €109500. The highest standard of living dictates high taxation, which in turn ensures low crime and unemployment. The average wage in Luxembourg reaches 5460 euros per month.
3. Switzerland
The country is well known for its spectacular mountain scenery with snow-capped peaks and emerald meadows. According to the World Bank, Switzerland has the second highest per capita income after tiny Luxembourg and, according to FORBS, is the 16th best country to start and grow a business. The minimum wage will be 3,500 euros, and wages in the capital, Zurich, can reach 9,500 euros, though with an average monthly rent of 2,000 euros.
4. Germany
With an export economy, the country sells a lot of cars and industrial machinery. From this Germany needs highly skilled engineers and programmers. Wages for such employees are around $49,000. Workers, on the other hand, can expect a minimum wage of 8.84 euros per hour (about 3,670 euros per month).
5. Belgium
The main difference between Belgium and other European countries with high average wages is the number of vacation days. In addition to a monthly income of 4,500 euros, there are 25 days of annual vacation, in contrast to the 20 taken in EU countries.Also, wages are constantly indexed, which means that wages correspond to the increase in the price of daily necessities.
6. Norway
The export of oil and salmon puts Norway out of competition for permanent employment. The work week in this country consists of only thirty hours, and the productivity of workers is constantly increasing. The decrease in hours worked is reflected quite positively on wages – about 4,400 euros per month.
7. Sweden
Fifty large global companies have their offices in the country, which helps to attract highly-qualified personnel and spread English in the territory. However, at a high indicator of average salary (about 4300 euros), Swedes have to pay a high income tax from 35 to 55%, respectively, according to the progressive scale of taxation.
8. Australia
The Australian economy stands on a foundation of service, agricultural, and oil industries. Australians are not known to import any of their foodstuffs and produce everything in their own country. That said, the minimum wage per hour is one of the highest in the world at $17, the work week is 35 hours, and the monthly average income is about $3,200.
9. U.S.
American business students can expect salaries of $53,000 and graduate programmers up to $63,000. High pay will also be expected for engineers, who are in short supply at large technical companies. Doctors and police officers can also expect higher rates, for example, an anesthesiologist can earn up to $230,000 a year. However, at the same time, the average salary in the territory of America is the equivalent of 3200 dollars, of which about 30% goes to pay for health insurance. All segments of the population must work 44 hours a week.
10. Singapore
This Asian country is rapidly developing its economy and attracting investment projects not only for business development but also for the social sphere. Moreover, the process of greening this island nation is going so well that this corner is becoming more and more attractive to live in. Singapore welcomes qualified young personnel from abroad, offering decent wages. The average salary will be about $3,100 with a full social package.