What you earn is irrelevant, after you factor in what you need to spend. Those nations with very high incomes also have very high taxes and living expenses. Earning $5,000 a month sounds good, unless you are paying $2,000 a month for rent, and $1,000 a month for food. So while India is certainly not a wealthy nation, it might rank a bit higher when the cost of living is factored in.
That leaves you with 3000$ savings that month, in about 95% of the worlds countries that would make you very wealthy. Including majority of the EU countries, if not all of them.
No one pays 2000$ in rent unless you live in a extremely urbanised area like los angeles. And unless you dont eat out at fancy restaurants every single day for every meal you wont even come close to 1000$ in rent. I live in sweden where the average salary is ~65k a year and i only pay around 100-150$ on food each month and even if you live in the city centre most apartments are less than 1k a month
@@evilmessiah81 It really depends, there are too many variables to count and each individual is different, it also depends on financial choices made by people; if you buy everything on credit, if you miss a single paycheck - you're fucked. But if you buy you phone/car and electronics for cash, all you need to worry about is rent and utilities.
Income averages are an incomplete picture without knowing the distribution of income. If one person has a billion dollars and ninety nine people have zero, the average is ten million per person. Doesn’t tell the whole story.
it's no how it is calculated, actually millionaires are not included at all (unless they are employed) - that are only the earnings of part-time/full-time employees under certain rules (it's regulated differently in different countries)
Along with this, it would be very correct to show the cost of 1 kg of meat or 10 eggs, or the price of electricity or water, or the cost of an operation to remove appendicitis in each country. Only then everything becomes clear. For example, a Chinese lantern for the United States costs $ 23, and for Ukraine $ 4. So it is incorrect to compare salaries without reference to the cost of services, education, health care, energy resources and products. Few people know that more than 100 countries have overtaken the United States in terms of living standards for not very rich people.
I’ve done a lot of traveling and I assure you 100 countries have not surpassed us in living standards. I’d be interested to know what standards are considered.
What would you consider essential for standards? Type of Shelter Indoor plumbing Transportation availability Food supplies Medical care Road conditions Communication Feel free to add to list
In Germany we used to measure our Kaufkraft ("buying power") in currency to beer, bread and butter ratio, as those are clearly the essential necessities needed for a German to survive
All of the countries with the highest salaries were also tiny countries: Luxembourg, Iceland, Macau, and Monaco all combined have about the population of New Mexico, which is 37 of 50 in US population. Only Norway at the high end had a normal-by-country standard population.
@Noname Atall oh in no way or form did i want to diminish my northern cousins, i just wanted to point out that a country's geographical size doesn't necessarily correlate to its population size as the initial comment mentioned Norway as a "normal-by-country standard population" as a contrast to tiny countries, when in reality it is only densely populated on the coast and has less inhabitants than some of the major cities in other countries - hence the major boost to its prosperity that the entire population was able to utilize from its well managed oil fonds
Monaco is a tax haven.. no real income accountable for the city more than people using adressess to get out of their own countries tax laws. Same for macao.
Sarru scratched the surface with his calculations: Knowing the average salary of a country doesn't even tell that much. More interesting is the question how many people earn below that average and ho many above. That tells a lot more about the conditions of a country.
ALSO RENT IN INDIA FOR THESE GUYS IS PROBABLY LIKE 50 DOLLARS where as rent in USA would be 1000 dollars. Cost of living in rich countries is dramatically high consistent with their higher incomes. Annual salaries minusculy represent the actualities.
@@callinglarry Yeah, just existing in somewhere like Norway costs a lot more than it would in India. Purchasing power is a vital consideration when comparing incomes internationally. Monaco is no. 1 because it’s a tiny country, only affordable for the ultra-wealthy. Most of its residents earn their income internationally, like the many Formula 1 drivers who live there.
@@Anwar157 That's actually because the ambulance is required to show up for every single call. And, having a relative who works in that world, I can say that tons of people call for no good reason or even use the ambulance as a taxi, disappearing when they reach the hospital. The non-paying folks increase the costs for other people.
@@matthewmosier8439 Im from the UK they are also required to go to every call regardless & it's free. Ive heard people say they take taxi's, buses etc because they can't afford it. I would hate to be in such a situation where you need an Ambulance but can't afford it. It's something we take for granted here & it surprised me tbh.
I think you would be shocked when I tell you that Indians in America earn the highest at $150k per year haha. It is true. They earn almost twice of what an average white person would earn.
@@Nadeem87Qureshi that isn't exactly true. Because of how our healthcare system we get a shit mix of socialized healthcare mixed with a controlled market. Pharma companies have methods to get discount medications for those who can't buy the medicines. The hospitals increase the costs of everything because of how the emergency room is handled. People get treated and the government acts as insurance if the people can't pay. When they can they get overcharged for far too much because of protections from the government. When in doubt the government screwed shit up even while trying to help. It was true in the 80's and true now. The scariest thing a person at your door can say is "Hello, I am from the government and I am here to help."
@@codmobilecodmobile3088 um no. the indians who come to america are either highly educated or come to america for university(which they pay for themselves). america lets in only skilled indians. that's why indians are the highest earning group in the country
There are a lot of _stronzo_ people all around TH-cam who make these easy to do kind of video without knowing the difference between median and average or between GDP and salary per capita. Not to mention the respective cost of living in each country. They do it because they're assured to obtain several hundred thousand views almost every time. Une sacrée bande de trouducs qui répandent de la désinformation en s'en battant les couilles... pardon my French, literally.
It is SO important that the cost of living be explained. In the USA a trip to the hospital can cost anywhere from 20,000 to millions of dollars. A typical visit to the Dr. costs about 200.00 and prescriptions are very expensive (many people in the USA do not have health insurance and if they do it is very expensive) also roughly 40 percent of wages go towards taxes, social security, and if offered health insurance so take home pay is not reflected in that number. A loaf of good bread costs 4.49 (a one pound loaf). Electricity for one month is 150.00 car insurance, so many things that are far more expensive than where they live. When I lived in Thailand I felt so wealthy and could not believe that my grocery costs were under 25.00 a month! Unheard of here. Perhaps there is a video you can find that shows cost of living in the USA.
Imagine how much money we could save if we didn't have to pay insurance companies for our healthcare? They're just an unnecessary Middle-Man that profits off of and gets in the way of care that people need.
Thats why America' s place is heavily inflated (due to it's high cost of healthcare and low labour protection) any Scandinavian country or the Netherlands.
@@GUITARTIME2024I don't have health insurance. Many absolutely do not. I have 675K in medical bills (I had a pre-existing condition, tumor due to a hairline fracture in my skull). While it isn't millions yet it looks like it will be..
Well - Monaco is a small city-state inhabited mostly by rich people :D I'm guessing Monacos avg. salary is "only" 180 000 because of all the servants and maids and cooks that don't earn as much as their masters :V
and those workers are not domicialated in Monaco but in their homecountries such as Serbia, Romania aso , their income goes to these countries, same story for Quwait and Indian workers
I said in my original comment that the internet needs more people like this, but I'd like to scratch that. The world in general needs more people like this. Whenever I have a bad day I watch one of these uploads and immediately they make me realise how trivial my problems are. They are true gentleman. Love from Ireland guys 🇮🇪
I mean they’re valued more, but in a lot of underdeveloped countries the dollar is king. When my cousins were traveling in Southeast Asia they crossed over into Cambodia. They exchanged their money for the local currency, but they would only accept US dollars. In Latin America especially they will tell you to keep some us money in you. It will get u out of trouble if you stumble into it. The pound and euro don’t have that type of power really.
Honestly they kinda are. I have been all over the world and NOTHING is as universally accepted as the USD. That doesn't mean they are worth more, but they are definitely UTILIZED more, and in more places.
I do hope you will give them a more complete view of what this does/doesn't mean....cost of living is a huge factor in salaries, and also showing how many people are above and below the average level of income is important. Perhaps show a video that goes into how much every day items and rent/mortgages and fuel costs and medical costs in some of these countries so they can understand more.
Yeah, because average isn't median, most people will make less. Like say a company has 11 employees, the owner/boss makes $100,000/year, and the other 10 employees make $10,000 year, the average salary is $200,000/11=$18181.81, even though only 1 person is making > $10,000/year
I agree. I think they, esp. the older gentleman thinks we get to pocket all that money and sing all week until the next paycheck comes in...or shall I say two looong weeks,
I wonder what the worlds average house prices are compared to minimum wage is, in UK it's terrible right now! It's easy to buy food and electronics but trying to find somewhere to live or rent is stupidly impossible.
@@liamloxley1222 yes you're right i guess it wouldn't work per country average but only per area of the country to make it more accurate? In my area full time you would get at least £16,500 wage and the average house price is £315,000.
the plot of land that my house (2500sq feet) sits on legit costed me just around 220000 rupees or roughly 3000 dollars 20 years ago. Back than this area was pretty rural but now it has turned into a town of 22k residents.
@@bhagabatiparesh1069 Similar has happened here, i think my parents said they bought their house for £40,000 around 35 years ago (750sq ft) and their combined wage was £7,000 a year which is 6 times their earnings per year and now houses are at least 11 times your earnings per year. What happened was richer people bought up a lot of houses for second homes, demand went up but not enough houses were built. Population has also gone up and wages have not risen as fast as house prices. I think it is the same in many places but it is scary what is going on, it keeps going up and up.
Switzerland was missing. Explain to them that the salaries are according to the prices of food and living. An average 2 room apartment in Germany is around 1000 € per month. A street food snack is 4 bucks. Gasoline 1.70 per litre. Cigarettes 8 bucks. and...these were average incomes. Most people earn much much less than that. In Germany the average worker has 1800-2000 after taxes per month. Now put that into perspective with an average apartment of a thousand € and grocery shopping for three days of 50 € We are not rich! Most live at the bare minimum.
Lots of high income countries were missing. Sweden, Switzerland, Netherlands, Liechtenstein, Austria, New Zealand, South Korea, Australia, Israel, Ireland etc.
I always dislike videos that compare the average salary per country. Everyone still forget that it is in fact, an average number, yes. People still think we are all rich af in Switzerland but we're just a huge magnet for billionaires and about 95% of the population is at most as rich as the average person in europe.
Should at least follow it up with a cost of living in those countries. If we tell them how much we pay for rent, food, travel etc they would be shocked.
It is interesting to watch their theories at the end :), when correct answer is that average income very strongly correlates with average education level i.e. high education level is required to produce highly efficient tools and other highly valued things.
You sure have a point but consider this. How many people from India with an average sallary can afford to go see scandinavia on a vacation and stay at fancy hotels and how many people from the scandinavian countries with average sallaries can go to India on a vacation and stay on fancy hotels. The only people from India I see visiting Sweden are rich ones (way above average salary/income) or the ones that are on buisiness trips (and students from well off families). But I bet there have been lots of people from Sweden that have avarage or below salaries that have been visiting india. (Maybe I should have taken Thailand as an example since so many swedish people go to Thailand. Hmm) Salary do mean something compared to others salary no matter the cost of living. Unless the cost of basic living is way over the top. ;) The buying power of ones savings (and actually being able to save money) is relative to other countries when it comes to comparisons like this. And when thinking about it maybe this was part of your point allready. Have a nce day! =)
I'd love for them to see a comparison with purchasing power and standard of living, so for example how many hours does the average worker have to work to earn an average meal, or something like that!
You have to explain them about the living costs in rich countries! I live in Switzerland. Annual average salary is about $ 80000. But a 2 bedrooms appartement cost $ 2000 per month. Health insurance $ 600. I spend at least $ 30 each day, to eat. The biggest advantage to live in a country with "big" salaries, is when you go to another country, who gives little salaries. I mean, for one coffee in a swiss restaurant, i can buy 5 of them in Portugal. I sure can afford a nice house in India. In Switzerland, you need like $ 1 million for a little one!
I hosted students from Japan….they talked about free healt care, but when I visited Japan and talked to working people and asked what their healthcare cost, they said the government pays for it…then I asked what percentage of your wages do you pay in taxes to the government…they said 60%!! So they just have a different way of looking at it. It is NOT free!
@@steveboy7302 the problem with India is there is so much of undocumented wealth here for eg..owning a property or a piece of a land Is an luxury in West but majority of people here still have there ancestry land worth well over 100k usd and many of them going above million too but the problem is selling these are frowned upon you can't sell your ancestry land here its a sin because your ancestors have worked hard to get it So you could say (Per capita income in india is actually low I agree on that it's around 2500usd in 2021) (But majority of people's networth here cross well above 100k its just that they can't liquidate that funds) (Its just a different culture and civilization than yall) ❤❤❤
Comparing Salaries is pointless because less salary means cheaper goods, i doubt a beer costs 9 dollars in Indian pubs. and why isn't Sweden on the list?.
I was thinking the same thing. Where is Sweden. Their salaries are akin to Norway. Also forget to mention that insurance alone eats up a large portion of income in the US.
I love the personalities of these three men, and Babu is wise. I do find the Indian custom of head movement very funny though. In a good way, no meanness
It sounds like a lovely thing to do but then they would have to return home. Maybe it would be kinder to do something for them that would improve their lifes and of those in their village rather than let them experience a western life for a short time
While we are pretty high on this list (Norway) just remember that our expenses and taxes would shock you just as much as our income. Norwegians are rich when on holiday but in our own country, not so much ;)
Always love the song at the end! Sarru and Raeen singing while Babu played is awesome! Love Babu treating us every time! The main thing about average salary is also cost of living... The cost of an average house in the USA is between $293,349 to $374,900. If a person makes 69K a year in America then it is affordable with a decent mortgage. BUT the average house in Japan is between $426,559 $727,339. Someone making 38K could not afford something in that range... Why most people rent. Monaco is the most expensive city in the world when it comes to real estate... Monthly rent for a furnished studio can be as high as $7,556 per month!! And we need to factor in food, clothes, utilities, etc. So looking at the numbers is impressive but it doesn't show the whole picture. Still, I loved the vid... So much to learn about the world we live in.
For reference i live in america. I did the calculation and my household makes about 90,000 INR a week. This is just enough to pay all our bills, buy food and necessities, and have just a little extra...the cost of living is way higher
Fr and every state is basically its own country. Cali is expensive compared to Texas and ive heard Cali people tell mr that 40k is impossible to live in in the United States. But in reality, my father makes about 40k and we're living somewhat fine here in Texas.
It's important to know that were average Income is hight, the cost of living is also high. A can of coke costs at least 1$ in the US but in places like India it only costs like 25 rupees (35 cents)
tbf the cost of living in the US is lower than a lot of other countires towards the top of the list. but they did do a video on things like that already so they already know all that
@@niceview2112 id say there being a down side is a matter of opinion. but ya, it currently is a great place tax wise. and the cost of goods and living are far lower than most eu countries too. every time i visit my friends in europe im always shocked at how little they have, and they are always shocked at how much we have lol
@@AntonioRivera28 I mean I happily pay more taxes for having free healthcare but I dont like that 80% of the price of gas is pure taxes, cars in Finland are also expensive due to taxation. EU also has lot of poor countries mostly eastern and south east and lot of rich countries also. Its a mix of pretty much everything.
ah, sweet Sarru, singing is not your business, but you're so cute. I am also always impressed how Raeen clothes are so perfect, with delicate embroidery, perfectly clean and bright colors. He dresses so sharply, i wonder how he'd look in a formal suit
Babu hit the nail on the head, the smaller the country, if it has resources there's more to spread around, and there's less humans for labour so labour is more expensive. If there's a billion people in your country labour becomes cheap and resources more scarce. And watching Sarru sing & dance at the end was lovely.
@Common Man Show, you should have done a ekstra video on what money gets you in the rich parts of the world, compared to the less rich parts. It gives some perspective. Video idea: May i suggest you do a "guess a language" video
Everyone in the comments talking about higher income higher expenses is not wrong but they seemed to have forgotten than their higher expenses are what is allowing them to have a higher standard of living.
I think they already know but they just forgot since the US Dollar is the most common currency to compare to other countries since its a world power with a somewhat stable currency.
I guess you got the shocked reaction you wanted for our "viewing pleasure", but it would be more proper to include something about the cost of living and taxes in each country. Even the average cost of a house would have given more perspective. (The cost of accomodation in Monaco is $44,000 per sq metre)
As long as you're happy because money cannot purchase that. But then I think of something Major Healey said in I Dream of Jeannie when Major Nelson said to him (I'm paraphrasing) "You know that money cannot buy you happiness." To which Roger replied, "That's true, but let me suffer with these things until the real thing comes along." (He was making a list of things Jeannie was going to use her magic to give him).
I skipped the vid just to see which country is the first, and I was like "The heck??? My country is on top?? Oh, wait.. Thats Monaco.. I'm Indonesian 😝
iceland is an island that must import a lot of fresh vegetables and fruits as it has a very short growing season. so groceries can be quite expensive there. when we were stationed there in the mililtary, we were rationed as to how much of certain things we could buy monthly so that there could be hardly no black market. things like meat and alcohol are 2 things i remember. that was back in 1980 and so things may have changed. but costs off the the military base were high. a simple sandwich was 5.00 back then.
I only found this channel today and think it's really fun. I'm surprised about the Google Earth episode though; couldn't you have shown them their own village?
Tbh, these rankings isn't something I pay attention too much. What I personally find more important is the Quality of Life Index and HDI(Human Development Index). It's how people live: happiness, health, education, freedom and equality of population, security, leisure, employment, life expectancy, etc. Making money doesn't automatically translate to happiness😉 The top 10 countries with the highest Quality of Life: 1 Switzerland, 2 Denmark, 3 Netherlands, 4 Finland, 5 Australia, 6 Iceland, 7 Austria, 8 Germany, 9 New Zealand, 10 Luxembourg The top 10 countries with the highest Human Development Index: 1 Norway, 2 Ireland & Switzerland, 4 Hong Kong & Iceland, 6 Germany, 7 Sweden, 8 Australia & Netherlands, 10 Denmark
The 39,000 people who live in Monaco, are there to avoid income taxes in their home countries. It's a tiny place, so the lower income people who work there in service jobs, actually live outside the principality in neighboring France or Italy and commute in.
A lot of people have a lot of money in the US. If you and your husband earn together and you can't reach $70k, then that means your salary is relatively low, which is fine especially if you're not living in a big city. But man, in a big city, if your salary is like $60k, you're considered to not be earning much. Not that people can't survive on like $30k a year, but there are 2 worlds, you know?
@@Nandinandito We do live within a few miles of our state capital, but not in one of the higher priced areas, so we can get by as long as we're careful with our money. I am glad that prices are reasonable around here compared to some places though.
It would be interesting to put the average cost of living annually next to the same figures to see how much extra money people have. By the way I live in the US in that average does not correlate with my area.
things often cost more or less too depending on what country and area of country your in for example coke sells for around $0.10 in rural India whereas in america a 12oz can costs between $1-$2 depending on where you live.
It's far far more complex than simply comparing yearly avg. salaries of each nation without considering 1000s of other factors including history that are critical.
since india is 3-4 times cheaper than usa 3000usd are enough for a year depending upon the life's lifestyle...in rural area 1000usd to 3000usd, in cities 5000usd to 10000usd are managble for a satisfactory lifestyle
@@shubhamsemwal2225 yes exactly, expenses are based on income. Even if we have 3000 a month our countries are very expensive.. 😳I would rather live in the countryside too♥️
Should have them react to a Top 10 Countries With The Highest Quality Of Life/Best Places To Live. They'd be surprised to see that the USA and UK aren't on them.
@@starrynight1657 Happy is subjective but I mean a list based on actual statistics like education, health care, life expectancy, quality of life and the environment, cost of living etc.
What these nice people need to be told & shown is that the cost of living is way way higher in other countries compared to where they live.. if they know how much renting a basic small house/flat is in other counties then they would realise how much money you need x
Though many countries are poverty stricken and have a low average yearly salary, the cost of living is very high in many of the countries with the high average salaries. Money doesn't go as far in those countries for housing, food and other necessities.
I am from germany and the rent for our 3 room appartment alone is about $ 1.200 a month. Then we have taxes upon taxes upon taxes. You spend around 50% on all taxes and deductions on an average income. 1 litre of gasoline costs up to $ 2. If you get your meat at a cheap price it is around $ 20 per kg. 1 bag from the grocery store can easily be $ 100 or more, before holidays with celebrations you will have to spend $ 250 to have good food for three days for a small family. We spend more on our yearly power bill than the average indian income in this video was. And it is how it was with india. The vast majority of people aren't earning that "average" salary. There are people earning so insanely much (like more than a million a year), that the "average" salary is much higher than what the majority of people earn. Of course our comfort of life is much higher and I dearly hope we get to sustainable high level for everyone and lessen the differences between rich and poor.
As others have commented its not what you make it's what things cost, even in one country it varies, in some towns you can by a very nice house for $150K in LA the average house is $850k.But it goes even further than that, its job opportunities, safety, is the courts and police going to be fair and care about your rights.
They said about, the U.S dollar is the highest, if you see the other currencies, you can see that even Euro or British pounds are higher priced than the us dollar.
They gave the flag of Indonesia for Sri Lanka and the flag of FS Micronesia for Indonesia, the flag of Guatemala for FS Micronesia and a different version of the flag of Guatemala for Guatemala. IDK if anyone noticed.
10:25 Babus wisdom surprises me every time. He literally sees through almost everything and is able to connect things with each other he never heard about before. His sharp mind is truly amazing.
Me too!! They man is a gem. I really think that if he had been afforded a good education in his early years, he would have become someone of considerable stature. Maybe a Scientist, an Engineer or possibly a Doctor. He has a very sharp and enquiring mind .. along with a lot of common sense.
@@davidhuett3579 I fully agree with you both, but there’s nothing to feel bad about in terms of him not being educated. I’m sure he’s happy with his life, and it is in his nature to spread wisdom and knowledge. India is experiencing rapid economic growth. Later generations can look at their own education through his perspective because he freely shares that perspective to them. As long as they have that, they will succeed.
The Bahamas are not big but they have tourist and big beaches for travel, sometimes that plays a big role in the economics and also where people don't average much their prices are much lower than in places where the average income is higher.
Would you ever consider the opportunity to have the gentlemen record life in their villages so we can experience that? I bet it would be amazing.
I want this tooo
Yep show us there lives lol, I watch because I'm interested who they are less so what they watch..
I agree!! They have the great opportunity to see others places, we’d love to see theirs!!
Yes
Their second channel has this kind of stuff.
What you earn is irrelevant, after you factor in what you need to spend. Those nations with very high incomes also have very high taxes and living expenses. Earning $5,000 a month sounds good, unless you are paying $2,000 a month for rent, and $1,000 a month for food. So while India is certainly not a wealthy nation, it might rank a bit higher when the cost of living is factored in.
Damn 1000 dollars on food per month that's a lot of money to spend on food......food is quite cheaper in India as compared to the Western countries
That leaves you with 3000$ savings that month, in about 95% of the worlds countries that would make you very wealthy. Including majority of the EU countries, if not all of them.
@@Stiflex you also have to pay electricity, water, Car etc
No one pays 2000$ in rent unless you live in a extremely urbanised area like los angeles. And unless you dont eat out at fancy restaurants every single day for every meal you wont even come close to 1000$ in rent. I live in sweden where the average salary is ~65k a year and i only pay around 100-150$ on food each month and even if you live in the city centre most apartments are less than 1k a month
@@evilmessiah81 It really depends, there are too many variables to count and each individual is different, it also depends on financial choices made by people; if you buy everything on credit, if you miss a single paycheck - you're fucked. But if you buy you phone/car and electronics for cash, all you need to worry about is rent and utilities.
Income averages are an incomplete picture without knowing the distribution of income. If one person has a billion dollars and ninety nine people have zero, the average is ten million per person. Doesn’t tell the whole story.
Bill Gates walks into a bar. Suddenly, everyone in the bar is a multi-millionaire on average.
@@randyparker2134🤣
They already went over costs of living in a prior vid.
Yeah, a lot of people seem to think average=median.
it's no how it is calculated, actually millionaires are not included at all (unless they are employed) - that are only the earnings of part-time/full-time employees under certain rules (it's regulated differently in different countries)
Along with this, it would be very correct to show the cost of 1 kg of meat or 10 eggs, or the price of electricity or water, or the cost of an operation to remove appendicitis in each country. Only then everything becomes clear. For example, a Chinese lantern for the United States costs $ 23, and for Ukraine $ 4. So it is incorrect to compare salaries without reference to the cost of services, education, health care, energy resources and products. Few people know that more than 100 countries have overtaken the United States in terms of living standards for not very rich people.
Exactly!
Perfect comment.
I’ve done a lot of traveling and I assure you 100 countries have not surpassed us in living standards. I’d be interested to know what standards are considered.
What would you consider essential for standards?
Type of Shelter
Indoor plumbing
Transportation availability
Food supplies
Medical care
Road conditions
Communication
Feel free to add to list
In Germany we used to measure our Kaufkraft ("buying power") in currency to beer, bread and butter ratio, as those are clearly the essential necessities needed for a German to survive
watching these men makes me humble and grateful for what I have. Thank You
All of the countries with the highest salaries were also tiny countries: Luxembourg, Iceland, Macau, and Monaco all combined have about the population of New Mexico, which is 37 of 50 in US population. Only Norway at the high end had a normal-by-country standard population.
There is also the issue of net vs gross when dealing with taxes.
Don't let the size of the country fool you, there are only ~5 million Norwegians so by population size it is also a very small country
@Noname Atall oh in no way or form did i want to diminish my northern cousins, i just wanted to point out that a country's geographical size doesn't necessarily correlate to its population size as the initial comment mentioned Norway as a "normal-by-country standard population" as a contrast to tiny countries, when in reality it is only densely populated on the coast and has less inhabitants than some of the major cities in other countries - hence the major boost to its prosperity that the entire population was able to utilize from its well managed oil fonds
not to forgot the US salary was brutto all others in the top 20 was netto salary, not the same not near.
Monaco is a tax haven.. no real income accountable for the city more than people using adressess to get out of their own countries tax laws. Same for macao.
Sarru scratched the surface with his calculations: Knowing the average salary of a country doesn't even tell that much. More interesting is the question how many people earn below that average and ho many above. That tells a lot more about the conditions of a country.
Well, to answer your question, an average by definition means half of the population earns less than that and the other half earns more than that.
Or you can just use median salary instead of average.
ALSO RENT IN INDIA FOR THESE GUYS IS PROBABLY LIKE 50 DOLLARS where as rent in USA would be 1000 dollars. Cost of living in rich countries is dramatically high consistent with their higher incomes. Annual salaries minusculy represent the actualities.
@@callinglarry In Germany nobody with an average job can buy an apartment or a house.
@@callinglarry Yeah, just existing in somewhere like Norway costs a lot more than it would in India. Purchasing power is a vital consideration when comparing incomes internationally.
Monaco is no. 1 because it’s a tiny country, only affordable for the ultra-wealthy. Most of its residents earn their income internationally, like the many Formula 1 drivers who live there.
I think it’s only fair to show them the cost of living to reflect those salaries. Eggs may cost them 4 rupees but in American it’s 3 dollars.
exactly my point, also US has private hospitals so it's really expensive if you get sick.
@@ESPirits87 I recently found out you can pay 1000's for an Ambulance in America lol That's crazy
@@Anwar157 That's actually because the ambulance is required to show up for every single call. And, having a relative who works in that world, I can say that tons of people call for no good reason or even use the ambulance as a taxi, disappearing when they reach the hospital. The non-paying folks increase the costs for other people.
@@Anwar157 That's why they have private insurance and also pay less taxes than other countries where healthcare is covered.
@@matthewmosier8439 Im from the UK they are also required to go to every call regardless & it's free. Ive heard people say they take taxi's, buses etc because they can't afford it. I would hate to be in such a situation where you need an Ambulance but can't afford it.
It's something we take for granted here & it surprised me tbh.
should've shown the salaries in rupees, that would've shocked them more
And cost of living too and they must let them know how Americans buy 3$ medicines for 1000$.
I think you would be shocked when I tell you that Indians in America earn the highest at $150k per year haha. It is true. They earn almost twice of what an average white person would earn.
@@Nadeem87Qureshi that isn't exactly true. Because of how our healthcare system we get a shit mix of socialized healthcare mixed with a controlled market. Pharma companies have methods to get discount medications for those who can't buy the medicines. The hospitals increase the costs of everything because of how the emergency room is handled. People get treated and the government acts as insurance if the people can't pay. When they can they get overcharged for far too much because of protections from the government.
When in doubt the government screwed shit up even while trying to help. It was true in the 80's and true now. The scariest thing a person at your door can say is "Hello, I am from the government and I am here to help."
Cod mobile Cod mobile That may be an exception. But I was talking official stats.
@@codmobilecodmobile3088 um no. the indians who come to america are either highly educated or come to america for university(which they pay for themselves). america lets in only skilled indians. that's why indians are the highest earning group in the country
Man I don't know who has that salary in Italy but it's not me for sure 😂👌
There are a lot of _stronzo_ people all around TH-cam who make these easy to do kind of video without knowing the difference between median and average or between GDP and salary per capita. Not to mention the respective cost of living in each country. They do it because they're assured to obtain several hundred thousand views almost every time.
Une sacrée bande de trouducs qui répandent de la désinformation en s'en battant les couilles... pardon my French, literally.
It is SO important that the cost of living be explained. In the USA a trip to the hospital can cost anywhere from 20,000 to millions of dollars. A typical visit to the Dr. costs about 200.00 and prescriptions are very expensive (many people in the USA do not have health insurance and if they do it is very expensive) also roughly 40 percent of wages go towards taxes, social security, and if offered health insurance so take home pay is not reflected in that number. A loaf of good bread costs 4.49 (a one pound loaf). Electricity for one month is 150.00 car insurance, so many things that are far more expensive than where they live.
When I lived in Thailand I felt so wealthy and could not believe that my grocery costs were under 25.00 a month! Unheard of here. Perhaps there is a video you can find that shows cost of living in the USA.
Imagine how much money we could save if we didn't have to pay insurance companies for our healthcare? They're just an unnecessary Middle-Man that profits off of and gets in the way of care that people need.
Thats why America' s place is heavily inflated (due to it's high cost of healthcare and low labour protection) any Scandinavian country or the Netherlands.
Most Americans have health insurance. Even with 10K annual co-pay, no one is paying "millions".
@@GUITARTIME2024I don't have health insurance. Many absolutely do not. I have 675K in medical bills (I had a pre-existing condition, tumor due to a hairline fracture in my skull). While it isn't millions yet it looks like it will be..
@@margaretsy1855 pre existing conditions have been a thing of the past for about 9 years now. You can't be turned down for that.
Well - Monaco is a small city-state inhabited mostly by rich people :D I'm guessing Monacos avg. salary is "only" 180 000 because of all the servants and maids and cooks that don't earn as much as their masters :V
and those workers are not domicialated in Monaco but in their homecountries such as Serbia, Romania aso , their income goes to these countries, same story for Quwait and Indian workers
Rich people dodging taxes in their home countries by setting up residence in Monaco.
@@ezwriter5589 All taxation is theft!
@@MarkHobbes it’s not called theft, it’s called paying the lease on “freedom”.
@@MarkHobbes the theft that ensures your well being in your country
These men are the salt of the earth, more of these type of people is what the internet needs. Especially these days
I agree they seem like people I’d want to know
Today's era is filled with hatred,confusion and lies.
I said in my original comment that the internet needs more people like this, but I'd like to scratch that. The world in general needs more people like this. Whenever I have a bad day I watch one of these uploads and immediately they make me realise how trivial my problems are. They are true gentleman. Love from Ireland guys 🇮🇪
"There is no bigger currency than dollar"
Euro and British Pound: Am I a joke to you?
Kuwaiti Dinar: bruh
I mean they’re valued more, but in a lot of underdeveloped countries the dollar is king. When my cousins were traveling in Southeast Asia they crossed over into Cambodia. They exchanged their money for the local currency, but they would only accept US dollars. In Latin America especially they will tell you to keep some us money in you. It will get u out of trouble if you stumble into it. The pound and euro don’t have that type of power really.
Swiss Francs: You foolish mortals !..... Mouahaha
I think he meant in terms of popularity
Honestly they kinda are. I have been all over the world and NOTHING is as universally accepted as the USD. That doesn't mean they are worth more, but they are definitely UTILIZED more, and in more places.
I do hope you will give them a more complete view of what this does/doesn't mean....cost of living is a huge factor in salaries, and also showing how many people are above and below the average level of income is important. Perhaps show a video that goes into how much every day items and rent/mortgages and fuel costs and medical costs in some of these countries so they can understand more.
Yeah, because average isn't median, most people will make less. Like say a company has 11 employees, the owner/boss makes $100,000/year, and the other 10 employees make $10,000 year, the average salary is $200,000/11=$18181.81, even though only 1 person is making > $10,000/year
I'm pretty sure they already looked at the cost of living in different countries
I agree. I think they, esp. the older gentleman thinks we get to pocket all that money and sing all week until the next paycheck comes in...or shall I say two looong weeks,
Make them react to Evolution of game graphics
Great idé!
I wonder what the worlds average house prices are compared to minimum wage is, in UK it's terrible right now! It's easy to buy food and electronics but trying to find somewhere to live or rent is stupidly impossible.
here in india in underdeveloped areas its still affordable to get land or houses but in cities its too costly
@@liamloxley1222 yes you're right i guess it wouldn't work per country average but only per area of the country to make it more accurate? In my area full time you would get at least £16,500 wage and the average house price is £315,000.
the plot of land that my house (2500sq feet) sits on legit costed me just around 220000 rupees or roughly 3000 dollars 20 years ago. Back than this area was pretty rural but now it has turned into a town of 22k residents.
@@bhagabatiparesh1069 Similar has happened here, i think my parents said they bought their house for £40,000 around 35 years ago (750sq ft) and their combined wage was £7,000 a year which is 6 times their earnings per year and now houses are at least 11 times your earnings per year. What happened was richer people bought up a lot of houses for second homes, demand went up but not enough houses were built. Population has also gone up and wages have not risen as fast as house prices. I think it is the same in many places but it is scary what is going on, it keeps going up and up.
Switzerland was missing.
Explain to them that the salaries are according to the prices of food and living.
An average 2 room apartment in Germany is around 1000 € per month. A street food snack is 4 bucks.
Gasoline 1.70 per litre.
Cigarettes 8 bucks.
and...these were average incomes. Most people earn much much less than that.
In Germany the average worker has 1800-2000 after taxes per month.
Now put that into perspective with an average apartment of a thousand € and grocery shopping for three days of 50 €
We are not rich!
Most live at the bare minimum.
Lots of high income countries were missing. Sweden, Switzerland, Netherlands, Liechtenstein, Austria, New Zealand, South Korea, Australia, Israel, Ireland etc.
I always dislike videos that compare the average salary per country. Everyone still forget that it is in fact, an average number, yes. People still think we are all rich af in Switzerland but we're just a huge magnet for billionaires and about 95% of the population is at most as rich as the average person in europe.
Yeah, these videos should at least show median income, not average.
Should at least follow it up with a cost of living in those countries. If we tell them how much we pay for rent, food, travel etc they would be shocked.
switzerland is also high on median salary. so yes, we are all rich. but we arent on this list. why?
Now, show them what things cost in those countries.
I think we even already had something like this!
Trueeeee
It is interesting to watch their theories at the end :), when correct answer is that average income very strongly correlates with average education level i.e. high education level is required to produce highly efficient tools and other highly valued things.
Salary means very little without some understanding of the cost of living in that country.
Exactly
You sure have a point but consider this. How many people from India with an average sallary can afford to go see scandinavia on a vacation and stay at fancy hotels and how many people from the scandinavian countries with average sallaries can go to India on a vacation and stay on fancy hotels. The only people from India I see visiting Sweden are rich ones (way above average salary/income) or the ones that are on buisiness trips (and students from well off families). But I bet there have been lots of people from Sweden that have avarage or below salaries that have been visiting india. (Maybe I should have taken Thailand as an example since so many swedish people go to Thailand. Hmm)
Salary do mean something compared to others salary no matter the cost of living. Unless the cost of basic living is way over the top. ;)
The buying power of ones savings (and actually being able to save money) is relative to other countries when it comes to comparisons like this.
And when thinking about it maybe this was part of your point allready. Have a nce day! =)
I'd love for them to see a comparison with purchasing power and standard of living, so for example how many hours does the average worker have to work to earn an average meal, or something like that!
You have to explain them about the living costs in rich countries! I live in Switzerland. Annual average salary is about $ 80000. But a 2 bedrooms appartement cost $ 2000 per month. Health insurance $ 600. I spend at least $ 30 each day, to eat.
The biggest advantage to live in a country with "big" salaries, is when you go to another country, who gives little salaries. I mean, for one coffee in a swiss restaurant, i can buy 5 of them in Portugal.
I sure can afford a nice house in India. In Switzerland, you need like $ 1 million for a little one!
$600 for universal healthcare? So, universal healthcare isn’t free?
I hosted students from Japan….they talked about free healt care, but when I visited Japan and talked to working people and asked what their healthcare cost, they said the government pays for it…then I asked what percentage of your wages do you pay in taxes to the government…they said 60%!! So they just have a different way of looking at it. It is NOT free!
I'm sorry but I'm from Argentina and I felt so proud when they recognized my country because of MESSI. AGUANTE MESSI CARAJO! ♥️
Al fin otra Argentina!! Aguante Messi ♥️
@@skskd1236 ♥️ jajajaja hace mucho que sigo a este canal pero es la primera vez que comento en español o algo relacionado a la Argentina.
@@skskd1236 Somos 3 Argentinas jajaja ♥️🇦🇷
@@cariaus3758 vamaaaa👏👏👏♥️
Surprised Switzerland wasn´t there.. poor bastards !!!
This is old data show them the latest china and india have improved immensely today🤗🤗
India hasn't really improved
@@steveboy7302 the problem with India is there is so much of undocumented wealth here for eg..owning a property or a piece of a land Is an luxury in West but majority of people here still have there ancestry land worth well over 100k usd and many of them going above million too but the problem is selling these are frowned upon you can't sell your ancestry land here its a sin because your ancestors have worked hard to get it
So you could say
(Per capita income in india is actually low I agree on that it's around 2500usd in 2021)
(But majority of people's networth here cross well above 100k its just that they can't liquidate that funds)
(Its just a different culture and civilization than yall)
❤❤❤
Comparing Salaries is pointless because less salary means cheaper goods, i doubt a beer costs 9 dollars in Indian pubs. and why isn't Sweden on the list?.
Well in local shop it costs 120 rupees but in a pub it can cost like 200 to 300 Rupees depending upon how posh the pub is
@@adityaparashar9317 true
I was thinking the same thing. Where is Sweden. Their salaries are akin to Norway. Also forget to mention that insurance alone eats up a large portion of income in the US.
@@michaelbrandt5416 Lots of wealthy countries aren't on the list.
I love the personalities of these three men, and Babu is wise. I do find the Indian custom of head movement very funny though. In a good way, no meanness
I was surprised Canada makes less because everything seems so expensive there, Australia, & UK
I would love to help get these Kings a Great trip to America just a Good week & let them eat Well and Experience this place
It sounds like a lovely thing to do but then they would have to return home.
Maybe it would be kinder to do something for them that would improve their lifes and of those in their village rather than let them experience a western life for a short time
While we are pretty high on this list (Norway) just remember that our expenses and taxes would shock you just as much as our income. Norwegians are rich when on holiday but in our own country, not so much ;)
Always love the song at the end! Sarru and Raeen singing while Babu played is awesome! Love Babu treating us every time!
The main thing about average salary is also cost of living... The cost of an average house in the USA is between $293,349 to $374,900. If a person makes 69K a year in America then it is affordable with a decent mortgage. BUT the average house in Japan is between $426,559 $727,339. Someone making 38K could not afford something in that range... Why most people rent. Monaco is the most expensive city in the world when it comes to real estate... Monthly rent for a furnished studio can be as high as $7,556 per month!!
And we need to factor in food, clothes, utilities, etc. So looking at the numbers is impressive but it doesn't show the whole picture. Still, I loved the vid... So much to learn about the world we live in.
Lol. The source video was basically a slow pan over a single column table. Haha.
For reference i live in america. I did the calculation and my household makes about 90,000 INR a week. This is just enough to pay all our bills, buy food and necessities, and have just a little extra...the cost of living is way higher
Fr and every state is basically its own country. Cali is expensive compared to Texas and ive heard Cali people tell mr that 40k is impossible to live in in the United States. But in reality, my father makes about 40k and we're living somewhat fine here in Texas.
@@marioelburro1492 exactly! I live in sc and my coworkers in nyc are like how do you live on so little?
Thank you. Another heart-warming video and honest opinions.
Loved the money song!
It's important to know that were average Income is hight, the cost of living is also high.
A can of coke costs at least 1$ in the US but in places like India it only costs like 25 rupees (35 cents)
In Finland can of coke costs you about 1.5 to 2 euros equal to 1.75 to 2.35 dollars, the can is also smaller in size 330ml here 355ml in the US.
tbf the cost of living in the US is lower than a lot of other countires towards the top of the list. but they did do a video on things like that already so they already know all that
@@AntonioRivera28 US is tax heaven compared to most EU countries with extremely high taxation but it has its down sides having low taxes tho.
@@niceview2112 id say there being a down side is a matter of opinion. but ya, it currently is a great place tax wise. and the cost of goods and living are far lower than most eu countries too. every time i visit my friends in europe im always shocked at how little they have, and they are always shocked at how much we have lol
@@AntonioRivera28 I mean I happily pay more taxes for having free healthcare but I dont like that 80% of the price of gas is pure taxes, cars in Finland are also expensive due to taxation. EU also has lot of poor countries mostly eastern and south east and lot of rich countries also. Its a mix of pretty much everything.
Please understand that that the cost of living in Canada and the US is very expensive (in most cities). After I pay my bills, there’s nothing left.
Sarru singing at the end was so sweet! Really lovely!
I am doing fine in Austria, not complaining.....
ah, sweet Sarru, singing is not your business, but you're so cute. I am also always impressed how Raeen clothes are so perfect, with delicate embroidery, perfectly clean and bright colors. He dresses so sharply, i wonder how he'd look in a formal suit
Babu hit the nail on the head, the smaller the country, if it has resources there's more to spread around, and there's less humans for labour so labour is more expensive. If there's a billion people in your country labour becomes cheap and resources more scarce. And watching Sarru sing & dance at the end was lovely.
Interesting video, super fun song at the end, and awesome mental math by Sarru!
@Common Man Show, you should have done a ekstra video on what money gets you in the rich parts of the world, compared to the less rich parts. It gives some perspective.
Video idea: May i suggest you do a "guess a language" video
It’d be so great if you show videos of Monaco and give information about to them
Monaco smallest of all the countries, has most?
"My confusion has been shattered" amazing
Everyone in the comments talking about higher income higher expenses is not wrong but they seemed to have forgotten than their higher expenses are what is allowing them to have a higher standard of living.
2:44 Can someone tell him there are at least 7 currencies that are more valuable than USD
I think they already know but they just forgot since the US Dollar is the most common currency to compare to other countries since its a world power with a somewhat stable currency.
What makes a currency more valuable?
I guess you got the shocked reaction you wanted for our "viewing pleasure", but it would be more proper to include something about the cost of living and taxes in each country. Even the average cost of a house would have given more perspective. (The cost of accomodation in Monaco is $44,000 per sq metre)
10:05 Babu's Speech - True Facts
I loved that song at the end! 😄😁
Perhaps you should check
Cross Timbers Bison in Oklahoma USA? "Why are the buffalos excited?"
As long as you're happy because money cannot purchase that. But then I think of something Major Healey said in I Dream of Jeannie when Major Nelson said to him (I'm paraphrasing) "You know that money cannot buy you happiness." To which Roger replied, "That's true, but let me suffer with these things until the real thing comes along." (He was making a list of things Jeannie was going to use her magic to give him).
I skipped the vid just to see which country is the first, and I was like "The heck??? My country is on top?? Oh, wait.. Thats Monaco.. I'm Indonesian 😝
They need to be shown how much things cost in those countries too.
iceland is an island that must import a lot of fresh vegetables and fruits as it has a very short growing season. so groceries can be quite expensive there. when we were stationed there in the mililtary, we were rationed as to how much of certain things we could buy monthly so that there could be hardly no black market. things like meat and alcohol are 2 things i remember. that was back in 1980 and so things may have changed. but costs off the the military base were high. a simple sandwich was 5.00 back then.
I only found this channel today and think it's really fun. I'm surprised about the Google Earth episode though; couldn't you have shown them their own village?
" but we dont earn this much "
most on us think the same about their country :D
Tbh, these rankings isn't something I pay attention too much. What I personally find more important is the Quality of Life Index and HDI(Human Development Index). It's how people live: happiness, health, education, freedom and equality of population, security, leisure, employment, life expectancy, etc. Making money doesn't automatically translate to happiness😉
The top 10 countries with the highest Quality of Life:
1 Switzerland, 2 Denmark, 3 Netherlands, 4 Finland, 5 Australia, 6 Iceland, 7 Austria, 8 Germany, 9 New Zealand, 10 Luxembourg
The top 10 countries with the highest Human Development Index:
1 Norway, 2 Ireland & Switzerland, 4 Hong Kong & Iceland, 6 Germany, 7 Sweden, 8 Australia & Netherlands, 10 Denmark
The 39,000 people who live in Monaco, are there to avoid income taxes in their home countries. It's a tiny place, so the lower income people who work there in service jobs, actually live outside the principality in neighboring France or Italy and commute in.
Ok wow! Now you have to share with them the music of Bjork and Iceland😁
Was Saudi on there and I missed it? That would be somewhere up top I'd imagine.
It'd be interesting to see the average hours each country has to work just to live a normal life.
Have these guys reacted to the haka yet? Or the Aztec warrior dance?
dude they dared do the scandinavian countries but gave two shits about sweden?
I just love these guys. That is all. Nothing else to say......lol. Love them!!
Man I love this channel
Hello from New Zealand you have friends all over the world
You should also compare PPP and wealth distribution (Gini index). That would provide a more complete picture.
The average they showed for the US is more than my husband and I earn together, and i live in the US . Lol I dunno where they got that number.
A lot of people have a lot of money in the US.
If you and your husband earn together and you can't reach $70k, then that means your salary is relatively low, which is fine especially if you're not living in a big city. But man, in a big city, if your salary is like $60k, you're considered to not be earning much.
Not that people can't survive on like $30k a year, but there are 2 worlds, you know?
@@Nandinandito We do live within a few miles of our state capital, but not in one of the higher priced areas, so we can get by as long as we're careful with our money. I am glad that prices are reasonable around here compared to some places though.
Loved today's song 🎵
Where's the Netherlands at
and Sweden.....
Cold they see the Saunders roe princess
I think they would love it
(U only take ur suggestion I think yeah I’ll just let u do whatever u want)
That was fascinating. I had no idea that Monaco was ranked 1st .
salam bahut bahut shukriya to Raeen and Sarru they sang great!👏👏👏👏, shukriya Old Bab for the tabla's song!😄
Good job Babu on explaining the bottom line. 👍
I didn't see my country in the list ... I thought we had quite high salaries in Switzerland. Great reaction video ...
It would be interesting to put the average cost of living annually next to the same figures to see how much extra money people have. By the way I live in the US in that average does not correlate with my area.
things often cost more or less too depending on what country and area of country your in for example coke sells for around $0.10 in rural India whereas in america a 12oz can costs between $1-$2 depending on where you live.
It's far far more complex than simply comparing yearly avg. salaries of each nation without considering 1000s of other factors including history that are critical.
Switzerland is not even on this
Sarru is so smart with the london guess. It's most likely not the top but it was an excellent guess.
Omg when they started saying 3.000 is a lot of salary for a year... 😢😢Little do they know how fast 3000 go only on bills and food
since india is 3-4 times cheaper than usa 3000usd are enough for a year depending upon the life's lifestyle...in rural area 1000usd to 3000usd, in cities 5000usd to 10000usd are managble for a satisfactory lifestyle
@@shubhamsemwal2225 yes exactly, expenses are based on income. Even if we have 3000 a month our countries are very expensive.. 😳I would rather live in the countryside too♥️
@@karinac.3378 I live in a slum I make 1000 dollar a year
Should have them react to a Top 10 Countries With The Highest Quality Of Life/Best Places To Live. They'd be surprised to see that the USA and UK aren't on them.
They had a happiest people video, but those kind of things are also very subjective.
@@starrynight1657 Happy is subjective but I mean a list based on actual statistics like education, health care, life expectancy, quality of life and the environment, cost of living etc.
My salary is over $4000 USD per month in UK money I make nearly £3000 per month.
Ahhhh is Sarru doing that math in his head?? Maybe get the kid in some math courses and he could be making Macao money somewhere
Why no Australia or New zealand
Great job Guys! 👏🏼👏🏼👏🏼👏🏼👏🏼🎵🎵🎵 But they felled also to mention the cost of living in Monaco and Iceland, it's high so there income balances out!
What these nice people need to be told & shown is that the cost of living is way way higher in other countries compared to where they live.. if they know how much renting a basic small house/flat is in other counties then they would realise how much money you need x
I wish I was there with them,love you three men
Though many countries are poverty stricken and have a low average yearly salary, the cost of living is very high in many of the countries with the high average salaries. Money doesn't go as far in those countries for housing, food and other necessities.
I am from germany and the rent for our 3 room appartment alone is about $ 1.200 a month. Then we have taxes upon taxes upon taxes. You spend around 50% on all taxes and deductions on an average income. 1 litre of gasoline costs up to $ 2. If you get your meat at a cheap price it is around $ 20 per kg. 1 bag from the grocery store can easily be $ 100 or more, before holidays with celebrations you will have to spend $ 250 to have good food for three days for a small family. We spend more on our yearly power bill than the average indian income in this video was.
And it is how it was with india. The vast majority of people aren't earning that "average" salary. There are people earning so insanely much (like more than a million a year), that the "average" salary is much higher than what the majority of people earn.
Of course our comfort of life is much higher and I dearly hope we get to sustainable high level for everyone and lessen the differences between rich and poor.
Can you let them react to Japanese Precision Walking, please? 🥰🙏🏽
As others have commented its not what you make it's what things cost, even in one country it varies, in some towns you can by a very nice house for $150K in LA the average house is $850k.But it goes even further than that, its job opportunities, safety, is the courts and police going to be fair and care about your rights.
They said about, the U.S dollar is the highest, if you see the other currencies, you can see that even Euro or British pounds are higher priced than the us dollar.
They gave the flag of Indonesia for Sri Lanka and the flag of FS Micronesia for Indonesia, the flag of Guatemala for FS Micronesia and a different version of the flag of Guatemala for Guatemala. IDK if anyone noticed.
10:25 Babus wisdom surprises me every time. He literally sees through almost everything and is able to connect things with each other he never heard about before. His sharp mind is truly amazing.
Me too!! They man is a gem.
I really think that if he had been afforded a good education in his early years, he would have become someone of considerable stature. Maybe a Scientist, an Engineer or possibly a Doctor.
He has a very sharp and enquiring mind .. along with a lot of common sense.
@@davidhuett3579 I fully agree with you both, but there’s nothing to feel bad about in terms of him not being educated. I’m sure he’s happy with his life, and it is in his nature to spread wisdom and knowledge. India is experiencing rapid economic growth. Later generations can look at their own education through his perspective because he freely shares that perspective to them. As long as they have that, they will succeed.
I love them so much.
The Bahamas are not big but they have tourist and big beaches for travel, sometimes that plays a big role in the economics and also where people don't average much their prices are much lower than in places where the average income is higher.