It does if you got everything but money, however at that point you're probably pretty happy about shit anyways you just have a lot of things to worry about because you dont have money and so your happyness is lowered because you cant enjoy it the same as if you did have money
Like a nice place to live, good food, nice clothes, proper healthcare, vacations, connections, freedom? Yeah it`s not "one thing" my guy, it`s everything, especially in an elitist country like Norway. Money is everything.
Norway isn't really spending the income from oil. For the most part we are investing it in foreign companies exclusively. The practical benefit in our own budget is to spend a small percentage of the interest from this fund to close gaps in the national budget. This arrangement was set up to avoid the dreaded "Dutch disease" which means one industry dominate everything. Norway would probably do fine even without any oil, like Sweden and Denmark, but our huge "piggy bank" is a great asset for managing crisis, and sprinkle a little extra on welfare and services, and some flexibility in taxation options.
@@paul-mariuskauserud3655 You don't have to spend poorly when our "wise" leaders are bankrupting us by spending billions on bullshit. The Norwegian version of the green new deal (det grønne skiftet) included.
Half right - We have two funds, one called "Statens pensjonskasse" (that only invests in Norway), and the more famous "Statens pensjonskasse - utland" (that only invests abroad)
Norway is also one of the most expensive countries in the world to live in. Food, rent, travel costs, fuel and electricity are among the highest in the world. We pay a lot of taxes, but have almost free healthcare.
That's not really true these days though. I was just in New York, and a beer cost me almost 200 NOK at a café. The cheapest beer I found anywhere was $6 on the menu. After tax and tips (which were already calculated in) it ended up around $10, which is about 120 NOK. And same goes for eating out. The meals cost about 400 NOK and up. Energy drinks cost 50 NOK. And the list goes on.
@@GoldwingNorwayNot really. I have a pretty high paying job, and I pay about 31% in taxes. One thing is the actual tax grade, but there are deductibles and the lower taxes in december for example, taking it down to 31%. And most people pay less taxes than me.
Point is. If you buy anything in Norway, like anything. It`s top quality. You will never feel it`s gonna break like ever. This is why all the stores have 30 days-free-return-policy or even better. You just can`t find a way to return it. And quality is what made this country gret. Not oil. But the eager to go to work even when a little sick and still make a 102% effort.
Norway wasn't super rich before we found oil, but we weren't super poor either. The oil (and how we managed it) just helped us quickly get to where we are today, and we managed to make those good decisions with the oil because of our already existing culture of thinking about the future, about valuing the people, etc.
fun fact, there is no minimum wage in Norway. Though this is intentional, as unions can then better fight for higher wages without having to deal with a minimum wage that is set into stone. Despite there being no minimum wage set by law, the minimum wage is effectively $20 an hour. (around the lowest people get paid for a full time job) I personally recently started working, and I get paid around $20 an hour, and this is considered very low here.
Money is actually everything. You can't live without it here in Norway, and those who have the most money are the people that claim that money can't buy happiness. That's not true though as you actually can buy groceries without thinking about the prices and therefore you can buy healthier food, and you don't worry if your electricity bill is too high or if your car breaks down or even if it gets through the "health check" or that the bank will raise the loan cost so you have to sell your home, and if you get sick you can go to a clinic right away instead of waiting in line for an operation or whatever you might need, and if you you have psychological issues you can afford to go to a psychiatrist to sort out the problems. You can have a bad life even with a lot of money, but it's not the money that made you unhappy. In Norway I'm considered to be poor, but I don't feel poor in the sense when you think of poor people that live in a ched made out of cardboard boxes or some wood boards they found and don't have any food. I have food and a roof over my head and a car, but I can't go on vacation and I don't have money to buy new clothes or go to a hairdresser, and almost all of the money I have left when bills are paid is used to pay for doctor appointments and medicine here in our "free healthcare system". I'm not working due to a lot of health problems and that's why I'm "poor". I think I would be happier if I had some money to actually pay to see the specialists I need and maybe get so healthy that I could go back to work again, that would make me very happy as it means freedom to do whatever you want to when you want to. I think I actually could get an operation and be fine, but instead they just tell me that I can't get treatment because it's too expensive, they don't look at the big picture where I could actually go back to work and pay more tax money instead of just being unproductive at home and just get money from the state. I do pay taxes, but it's just symbolic as I get the money from the state every month, but before giving me the money they take tax from the benefits as they think that everyone is able to work a little if they just want too. I do want to work and I worked at least ten years more than I should have just because I refused to give up, so when they tell me and all other people that have the same story it makes us feel less than the dirt under the rich peoples shoes. A small amount of money in the big picture could make it happen but it's the state that stops people from going back to work not the people's lack of motivation to work.
I mean, Ford increased their workers' wages because they couldn't sell cars to poor people. You need money to support an economy that lets you have money. Or something. Strong unions are one thing, but a huge middle class is also essential. If you dismantle the middle class, you need more creative ways to keep your GDP high on paper, like stock markets and other pipe dreams. When this happens, a strong economy can be filled with starving people, because it's no longer the people you need to protect to keep your numbers up.
I'm just at the start, but there's a fairly large point that hasn't been covered yet when it comes to vacations. A part of your pay throughout the year is held back, and becomes your vacation pay the next year. That's the money for your "paid vacation" for the next year. Since you're taxing it the year it's being put away, you actually end up with a good chunk more in your account the month you get your vacation pay, than you'd normally get. In other words, you get a paycheck as normal while away on vacation, _and_ effectively some extra cash for the actual vacation. And that's kind of the point of the system. You don't lose anything on taking a vacation, and you get some extra money to spend on a trip. I'm not saying you can afford a month abroad with hotel and rental car expenses off of that, but it does help.
Norway had 5 year warranty on electronics for over 40 years, and Microsoft, Samsung, Nintendo and everyone else are forced to honor it. If electronics breaks after 4 1/2 years, you get a full refund if it can't be replaced or repaired. I got full refund on a PS3 that broke after 4 1/2 years, because it wasn't for sale anymore....I also got a new Xbox after 4 years on warranty.
There are many low-paid jobs that don’t exist here in the Nordic countries. For example, you have to pack your groceries yourself when shopping. Another example I noticed is in laboratory work: in the USA, there were employees whose job was to measure out substances, but such positions don’t exist here since researchers do the measuring themselves.
We dont even have a minimum salary, with the exception of 9 branches to prevent exploitation of foreign workers. We have a LOT of swedes coming to Norway just to work, they are kinda like the mexicans of Scandinavia, they are great workers, usually live in packs to save money, and a lot of them travels the world or goes home living large for a few months before coming back to work.
If you wonder why we are rich , well, when a comedy stand up show is an "economic's lesson", that explains alot right ?😅 If you become a store clerk in norway your thinking would be more like "ok, im going to be the best clerk in norway and within 2 years im going to be the owner of this store". In us im guessing its more like "i will find a new job soon hopefully". Every job in norway is important, and every person is aswell. We are one country, if you live here and work for the country and you want it to be improving, we will make you live comfortable here like the rest of us.
That`s not what most people will say when you tell them you work in renovation, or that you`re a janitor or a trashman. Every job IS important, but people don`t act like it, because Norway is a severely elitist country.
The reason Norway is doing better than America, is oil. Norway also has some civic advantages like less parisanship and probably less corruption, but the US more than makes up for that in innovation and higher productivity at the higher end of the workforce. Without the oil though, Norway wouldn't be able to have the highest working class salaries on top of a huge governmenet sector. The reason Norway is doing better than, say, Greece or Saudi Arabia dates back to those other factors that predated the Norwegian oil industry. Norway used to have a base effiency comparable to other countries in North-Western Europe. And so far this has only been moderately corrupted by the easy oil money. Without oil, Norway would probably be comparable to France today, which means it's significantly more efficient than most countries in the world, even if it places Norway far behind the US economically.
As a norwegian citizen myself, we see nothing of that oil. It all goes to corruption. Inflation has showed our leaders' true colours that it means nothing that we have oil. We are just slaves to Nato and Usa's warfare. Inflation has hit us hard and we are at the top of the most expensive country to live in.
@@RagnarHoff That's not true. If you live in Norway and have below average job, has some chronic disease (or an imaginary one) or are otherwise outside the regular workforce, you get more benefits than almost anywhere in the world. Not radically more than in, say, Sweden or Denmark. But still more, and WAY more than in such people get in the US. Also, if you work for the government, your work conditions tend to be a lot more comfortable than in even other Nordic countries. A nurse in Sweden, for instance, has to care for almost twice as many patients. It's only in the upper middle class (and up) that Norwegians don't benefit from the oil money, and especially if you either own a business or have an income of $100k+.
----- - For 2023, the average salary for a Norwegian was '668400 NOK', but that is only a small part of the equation. That amount of money, although it might seem pretty high at first glance it won't get you nearly as much bang for the buck as people might think in today's economy. Now, ten to fifteen years ago, that would have been a totally different story. -----
Contrary to what USAians often believe, unions are not a force that halts development and efficiency, quite the contrary. Union strikes weed out the low profit companies that are unwilling to invest in safety, technology and automation. Sometimes they consciously come to the decision that "we will strike even if it means bankrupcy, this company must be sacrificed for the cause". They can do so knowing that factories almost always are bought by someone else with a better business plan.
You cannot implement such a policy when there is little trust in the population. The Nordic model works because people in the Nordic countries have a high level of trust, not only in each other, but also in the politicians. Or we had. Now the politicians are destroying this trust, which will damage societies in the long run.
@@ahkkariq7406 Yes, you are right. TRUST is very important and should not be abolished. It has roots here about 1000 years back at least, so it is not easy to achieve quickly in some other country, unfortunately.
Wasn't this clip a part of the last videos on the same show Tyler watched a while ago?! This feels very familiar, even though Tyler doesn't seem to remember. It was in rhe How Norway got so rich videos (or something like that), he did a series on that. Now another? 😅 So far he has covered industrialism and capitalism, I don't think Americans need any lessons there, but there is certainly a lot to do on workers rights, will they ever learn that lesson? Not in the next four years atleast. 😱
The important is Universal Health Care and Free Public Schools up to University level. Then you have doesn't the problem to go to hospital and go personal bankruptcy or get worse and maybe die. And you don't have to save money for your children to get a good education. That is why you probably are more happy then US. And that is because the tax pay that for every one in Norge (and Sweden, Denmark, Norway etc)
They adjusted the graph for inflation, which worked to Spain and America's benefit, but would work to ours now. But you're right that the Biden economy has been spectacular and that we've lost our green manufacturing jobs to America. The fact that they replaced that government with Trump, whose policy actually is the equivalent of banning the new style of skiing (ie hindering imports rather than trying to compete with them) is the kind of thing that tends to keep Americans poor. They even had a wage increase (biggest since the 60's) this term, but they focus more on inflation without seeming aware that it's happening all over the world, while the wage gains in America are better than the world at large. Unless we do something stupid, like joing the tariff war, we'll come out on top within a few years, especially since the only economic problam an oil fortune can't help solve is inflation.
NOK never had a higher value than the US dollar. It used to have a much higher value relative to it, as low as 7 NOK for 1 USD, but since we're a nation that export more than we import a higher valued NOK isn't beneficial for our economy so the government itself made measures that pushed it up to 10 NOK for 1 USD. Since this is the government mandated target don't expect the NOK to ever reach the same value again as it did in the past; a loss for us who like to import stuff and go on international vacations, but a win for Norwegian industry.
GDP in Norway was in 2022 - $102,000 - We sell almost everything in dollars and Euros so we get back a lot of NOK. We have in 2023 and 2024. 16 times higher trade surplus than China per person. NOK has never been higher than a $
@@ShadowTani The goverment does not play any kind of role in currency. We only export more than we import if you count oil and gas, which doesn't affect our economy since we don't spend the money. The idea that FrP and Høyre trashed the currency for the good of the nation, is nonsense. They did however massively increase public spending and that may have played a role, for instance because it allowed more Norwegians to buy more global stocks, flooding the market with more NOK. Low currency means imported inflation.
@@jeschinstad Managing the currency is handled by NB on behalf of the government; they don't have full control, but there are various measures they can do to manipulate it. 10 NOK per USD is considered the ideal target. Currently the NOK is weaker than desired however, closer to 11 NOK per USD. Poor right wing politics certainly wasn't good for the nation overall, but the NOK reaching the ideal target was beneficial for our industry. We export a lot more than just oil and gas, for example aluminium and fish to mention a few other major sectors. The oil fund does affect the Norwegian budget, we spend up to 3% of the revenue - unfortunately this rule doesn't account for the currency value, which means this rule rewards poor politics that weakens the NOK.
02:58 I tend to not take Missionaries as good examples of how Norway is, because they often speak about Norway and Norwegians through the lense of someone that's mostly been surrounded by church members that always treat them better than they treat fellow church members, and especially better than non-church goers. But this one is real. Even with an entry-level wage at a grocery store, the worker would be able to save up money to afford a month's trip to the US, although it gets easier if they have worked long enough to build up their hourly wage. Chat GPT lists an hourly wage of 170-190 NOK ($15.39-17.20), but I have heard from many that they earn as much as around 240 NOK ($21.72) per hour, and I don't doubt that as Norway has a minimum wage only in a few sectors, grocery store jobs not being one of them. At a grocery store job, how much the employee earns per hour as they start is very dependent on factors such as the employer's kindness/thoughtfulness/fairness, the employer's negotiation skills, their educational level, their past experience, and more.
This country have been a shitty place to be on earth.tax tax tax and tax.Norway are extremely rich,and now people are begging for food.The green change,and the politicians are the problem
in Norway, money wouldn't be a problem in a way, because say that people who don't have the opportunity to work will get around 25k usd a year after tax, you will not end op on streat, because then you will get help to pay rent to an apartment, you onlye Paying a maximum of 300 usd a year for hospital and medicine and that also includes taxi for that, yes feed another thing is more expensive in Norway, but it is a bit easier, because of safety net, ofcorse oil helps, but then it would have shot straight up when we found it and not as you see gradually
And live in a shthole full of druggies and crazy people, a place where the cops don`t come, even if 12 people are rioting in the hallway and there`s people shooting up in the hallway, people setting fires, breaking into apartments and booths, trash everywhere etc. 300 a year means you basically never go to the doctor and is generally healthy. Where did you get that "maximum"? Those 300 doesn`t cover a single dentist appointment.. A single cab ride can be well over 70 bucks and that`s if you live in a "major" city. I probably spend 300 a year on over the counter things like Ibuprofen, Paracetamol and mild muscle relaxants, then prescriptions on top of that and FK no I don`t take a cab, because that would at least double the cost of my appointment. Btw your English is horrendous.
Why are you so interested in Norway? Are you living here or have you visited? By the way, if you work in a grocery store, why should you not be paid a salary that you can live of? In Norway that is criminal (or almost so). In US it seems to be normal??? (We have strong labour unions here, but US not, as far as I know.)
No it isn't. You may perhaps be thinking of difficult economical times, but Norway is overall less affected than most other countries. Norwegian students abroad are struggling, but that's a different topic.
Well, as a Norwegian, I might be all smug about this, but we're still going to have to call Cindy and Chuck from Alabama if the Russians are invading. So maybe we shouldn't be all that smug.....
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Lmao, nobody in Norway is rich and equal, that tv show is propaganda. Utopia isnt fair.
What a load of propoganda..As a norwegian from the so called working class I can recommend not going socialist. When you add it all up we end up at about 67% tax . You are being lied to.
Highly-paid Norwegians DON'T make much money. (Um, Tyler, minimum wage varies from state to state -- and it is not meant to be a lifestyle, just an entry.) FYI: The USA is the ONLY country with a pop. above 10 million that's in the Top 10 BOTH in total GDP and GDP per capita.)
Who cares?this is about Norway.You might have disgustingly rich people and you also have extreme poverty which Norway dont have.Also lets take salery of a doctor here,they get their education for free.In the USA you pay like a million for same education so It makes sense they earn more,dont you think? You get so defensive about the USA omg..
Hey, if it isn't the one and only @ragnarkisten showing his mindboggling ignorance to the world? Tell me exactly, how can historical facts and explanations of what we have actually done be propaganda for anything or anyone? Especially when the ones you mention are not mentioned in this video at all. Do you also think that learning about, for example, the Soviet effort in WWII is propaganda for communism?
@@steinarhaugen7617 There is a near total agreement on the Nordic model in the Nordic countries. It is pretty much only the nazis and the communists who want to change it.
I suggest this TED-talk next. It is by the same person, Harald Eia, and I think the natural next step. In english. th-cam.com/video/A9UmdY0E8hU/w-d-xo.htmlsi=YY6e0df63SRI5v8V
Highly-paid Norwegians DON'T make much money. (Um, Tyler, minimum wage varies from state to state -- and it is not meant to be a lifestyle, just an entry.) FYI: The USA is the ONLY country with a pop. above 10 million that's in the Top 10 BOTH in total GDP and GDP per capita.)
Highly paid Norwegians make a fortune, but high-middle class jobs like doctor's and engineers have a lower wage than in America. America does well with GDP per capita, but it's not divided that way. The lowest paid 200 million Americans combined have less wealth than three Americans
Money doesn't buy happiness, that's true. But it gives you one less thing to worry about.
Worry
@QazwerDave thank you. Auto correct 😅
It does if you got everything but money, however at that point you're probably pretty happy about shit anyways you just have a lot of things to worry about because you dont have money and so your happyness is lowered because you cant enjoy it the same as if you did have money
Like a nice place to live, good food, nice clothes, proper healthcare, vacations, connections, freedom?
Yeah it`s not "one thing" my guy, it`s everything, especially in an elitist country like Norway.
Money is everything.
It can buy almost everything that makes me happy and brings me joy so that’s good enough 😅
Unions are very strong in Norway. We are sharing the profit between owners and workers.
Money doesn't buy happiness, but it's more comfortable to cry in a Mercedes than on a bicycle.
Correct. A lot of people with "unlimited" money are living a boring and depressing life. Nothing have any value when you can buy anything you want.
Don't worry Tyler, it all comes together later in the video
Norway isn't really spending the income from oil. For the most part we are investing it in foreign companies exclusively. The practical benefit in our own budget is to spend a small percentage of the interest from this fund to close gaps in the national budget. This arrangement was set up to avoid the dreaded "Dutch disease" which means one industry dominate everything. Norway would probably do fine even without any oil, like Sweden and Denmark, but our huge "piggy bank" is a great asset for managing crisis, and sprinkle a little extra on welfare and services, and some flexibility in taxation options.
Is this why our bank accounts are getting slimmer and slimmer as time passes?
@@Zhippy That is called inflation or poor spending.:-) Double combo will do it for you.
@@paul-mariuskauserud3655
You don't have to spend poorly when our "wise" leaders are bankrupting us by spending billions on bullshit.
The Norwegian version of the green new deal (det grønne skiftet) included.
Half right - We have two funds, one called "Statens pensjonskasse" (that only invests in Norway), and the more famous "Statens pensjonskasse - utland" (that only invests abroad)
we need a tv show like this in Sweden, our shows are just terrible in comparison.
Svenske Hollywood Fruer? It’s popular in Norway at least or was when it was running.
@@pizzaisyourlife I don't know, I don't watch Swedish TV anymore.
@@RuthlessMetalYT You create pretty cool series so Idk
You have better films than us, so we can just keep it like that and trade back and forth between our nations
@@DocProctor I disagree, I think Norwegian films are much better in general.
Norway is also one of the most expensive countries in the world to live in.
Food, rent, travel costs, fuel and electricity are among the highest in the world.
We pay a lot of taxes, but have almost free healthcare.
Do we pay a lot of taxes, though?
@@steinmoller-nilsen4118 35-60%
That's not really true these days though. I was just in New York, and a beer cost me almost 200 NOK at a café. The cheapest beer I found anywhere was $6 on the menu. After tax and tips (which were already calculated in) it ended up around $10, which is about 120 NOK. And same goes for eating out. The meals cost about 400 NOK and up. Energy drinks cost 50 NOK. And the list goes on.
@@GoldwingNorwayNot really. I have a pretty high paying job, and I pay about 31% in taxes. One thing is the actual tax grade, but there are deductibles and the lower taxes in december for example, taking it down to 31%. And most people pay less taxes than me.
@@Gringorilla Norway is one of the most expensive
Point is. If you buy anything in Norway, like anything. It`s top quality. You will never feel it`s gonna break like ever. This is why all the stores have 30 days-free-return-policy or even better. You just can`t find a way to return it.
And quality is what made this country gret. Not oil. But the eager to go to work even when a little sick and still make a 102% effort.
Norway wasn't super rich before we found oil, but we weren't super poor either. The oil (and how we managed it) just helped us quickly get to where we are today, and we managed to make those good decisions with the oil because of our already existing culture of thinking about the future, about valuing the people, etc.
fun fact, there is no minimum wage in Norway. Though this is intentional, as unions can then better fight for higher wages without having to deal with a minimum wage that is set into stone. Despite there being no minimum wage set by law, the minimum wage is effectively $20 an hour. (around the lowest people get paid for a full time job)
I personally recently started working, and I get paid around $20 an hour, and this is considered very low here.
Money is actually everything. You can't live without it here in Norway, and those who have the most money are the people that claim that money can't buy happiness. That's not true though as you actually can buy groceries without thinking about the prices and therefore you can buy healthier food, and you don't worry if your electricity bill is too high or if your car breaks down or even if it gets through the "health check" or that the bank will raise the loan cost so you have to sell your home, and if you get sick you can go to a clinic right away instead of waiting in line for an operation or whatever you might need, and if you you have psychological issues you can afford to go to a psychiatrist to sort out the problems. You can have a bad life even with a lot of money, but it's not the money that made you unhappy. In Norway I'm considered to be poor, but I don't feel poor in the sense when you think of poor people that live in a ched made out of cardboard boxes or some wood boards they found and don't have any food. I have food and a roof over my head and a car, but I can't go on vacation and I don't have money to buy new clothes or go to a hairdresser, and almost all of the money I have left when bills are paid is used to pay for doctor appointments and medicine here in our "free healthcare system". I'm not working due to a lot of health problems and that's why I'm "poor". I think I would be happier if I had some money to actually pay to see the specialists I need and maybe get so healthy that I could go back to work again, that would make me very happy as it means freedom to do whatever you want to when you want to. I think I actually could get an operation and be fine, but instead they just tell me that I can't get treatment because it's too expensive, they don't look at the big picture where I could actually go back to work and pay more tax money instead of just being unproductive at home and just get money from the state. I do pay taxes, but it's just symbolic as I get the money from the state every month, but before giving me the money they take tax from the benefits as they think that everyone is able to work a little if they just want too. I do want to work and I worked at least ten years more than I should have just because I refused to give up, so when they tell me and all other people that have the same story it makes us feel less than the dirt under the rich peoples shoes. A small amount of money in the big picture could make it happen but it's the state that stops people from going back to work not the people's lack of motivation to work.
I mean, Ford increased their workers' wages because they couldn't sell cars to poor people. You need money to support an economy that lets you have money. Or something. Strong unions are one thing, but a huge middle class is also essential.
If you dismantle the middle class, you need more creative ways to keep your GDP high on paper, like stock markets and other pipe dreams. When this happens, a strong economy can be filled with starving people, because it's no longer the people you need to protect to keep your numbers up.
Thanks for watching :-)
I'm not a big fan of his 'chopped up in parts' videos. ^*
Then wait watching until he has made all parts, and see them then.
@@ahkkariq7406 Aye
Take a trip to Norway Tyler 🙂😋
This is the same case in Sweden Denmark Finland. We all have this competitor economy
I'm just at the start, but there's a fairly large point that hasn't been covered yet when it comes to vacations. A part of your pay throughout the year is held back, and becomes your vacation pay the next year. That's the money for your "paid vacation" for the next year. Since you're taxing it the year it's being put away, you actually end up with a good chunk more in your account the month you get your vacation pay, than you'd normally get.
In other words, you get a paycheck as normal while away on vacation, _and_ effectively some extra cash for the actual vacation. And that's kind of the point of the system. You don't lose anything on taking a vacation, and you get some extra money to spend on a trip. I'm not saying you can afford a month abroad with hotel and rental car expenses off of that, but it does help.
Thanks for adding that information!
This guy as a video call «A gift to US» its in english
He has reacted to that one already ;)
Norway had 5 year warranty on electronics for over 40 years, and Microsoft, Samsung, Nintendo and everyone else are forced to honor it.
If electronics breaks after 4 1/2 years, you get a full refund if it can't be replaced or repaired.
I got full refund on a PS3 that broke after 4 1/2 years, because it wasn't for sale anymore....I also got a new Xbox after 4 years on warranty.
There are many low-paid jobs that don’t exist here in the Nordic countries. For example, you have to pack your groceries yourself when shopping. Another example I noticed is in laboratory work: in the USA, there were employees whose job was to measure out substances, but such positions don’t exist here since researchers do the measuring themselves.
Please react to more Alt for Norge clips
Ja enig 🤣
We dont even have a minimum salary, with the exception of 9 branches to prevent exploitation of foreign workers.
We have a LOT of swedes coming to Norway just to work, they are kinda like the mexicans of Scandinavia, they are great workers, usually live in packs to save money, and a lot of them travels the world or goes home living large for a few months before coming back to work.
You can easily afford a week or two to USA every year even if you don't have work...
Money doesn't buy happiness but bribes sadness..
It is better to be rich and healthy than sick and poor.
If you wonder why we are rich , well, when a comedy stand up show is an "economic's lesson", that explains alot right ?😅 If you become a store clerk in norway your thinking would be more like "ok, im going to be the best clerk in norway and within 2 years im going to be the owner of this store". In us im guessing its more like "i will find a new job soon hopefully". Every job in norway is important, and every person is aswell. We are one country, if you live here and work for the country and you want it to be improving, we will make you live comfortable here like the rest of us.
That`s not what most people will say when you tell them you work in renovation, or that you`re a janitor or a trashman.
Every job IS important, but people don`t act like it, because Norway is a severely elitist country.
Norway actually does not have any minimum wage, which is a bit surprising.
It does not, but the unions are so strong that they sort of enforce it, in a way . But no official from the state cause it is not really needed
The reason Norway is doing better than America, is oil. Norway also has some civic advantages like less parisanship and probably less corruption, but the US more than makes up for that in innovation and higher productivity at the higher end of the workforce.
Without the oil though, Norway wouldn't be able to have the highest working class salaries on top of a huge governmenet sector.
The reason Norway is doing better than, say, Greece or Saudi Arabia dates back to those other factors that predated the Norwegian oil industry.
Norway used to have a base effiency comparable to other countries in North-Western Europe. And so far this has only been moderately corrupted by the easy oil money.
Without oil, Norway would probably be comparable to France today, which means it's significantly more efficient than most countries in the world, even if it places Norway far behind the US economically.
USA Also have lot of Oil! But somebody do not pay Their taxes
@@kimdani1795 Per capita, Norway has a LOT more oil than the US.
As a norwegian citizen myself, we see nothing of that oil. It all goes to corruption. Inflation has showed our leaders' true colours that it means nothing that we have oil. We are just slaves to Nato and Usa's warfare.
Inflation has hit us hard and we are at the top of the most expensive country to live in.
@@RagnarHoff That's not true. If you live in Norway and have below average job, has some chronic disease (or an imaginary one) or are otherwise outside the regular workforce, you get more benefits than almost anywhere in the world.
Not radically more than in, say, Sweden or Denmark. But still more, and WAY more than in such people get in the US.
Also, if you work for the government, your work conditions tend to be a lot more comfortable than in even other Nordic countries. A nurse in Sweden, for instance, has to care for almost twice as many patients.
It's only in the upper middle class (and up) that Norwegians don't benefit from the oil money, and especially if you either own a business or have an income of $100k+.
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- For 2023, the average salary for a Norwegian was '668400 NOK', but that is only a small part of the equation.
That amount of money, although it might seem pretty high at first glance it won't get you nearly as much bang for the buck as people might think in today's economy.
Now, ten to fifteen years ago, that would have been a totally different story.
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Accordin to the net.The average Norwegian hourly wage is $33 USD Before tax I assume
Contrary to what USAians often believe, unions are not a force that halts development and efficiency, quite the contrary. Union strikes weed out the low profit companies that are unwilling to invest in safety, technology and automation. Sometimes they consciously come to the decision that "we will strike even if it means bankrupcy, this company must be sacrificed for the cause". They can do so knowing that factories almost always are bought by someone else with a better business plan.
Minimum wage in Ontario is $17.25 an hour for 18 an up.
$16.55 an hour for 14 to 17
Oil has NPTHING to do with it. Other oil nations don't have it.
Every nation can do thus, but requires the right politics.
You cannot implement such a policy when there is little trust in the population. The Nordic model works because people in the Nordic countries have a high level of trust, not only in each other, but also in the politicians. Or we had. Now the politicians are destroying this trust, which will damage societies in the long run.
@@ahkkariq7406 Yes, you are right. TRUST is very important and should not be abolished. It has roots here about 1000 years back at least, so it is not easy to achieve quickly in some other country, unfortunately.
Please release the parts in quick sucession.
Wasn't this clip a part of the last videos on the same show Tyler watched a while ago?! This feels very familiar, even though Tyler doesn't seem to remember. It was in rhe How Norway got so rich videos (or something like that), he did a series on that. Now another? 😅
So far he has covered industrialism and capitalism, I don't think Americans need any lessons there, but there is certainly a lot to do on workers rights, will they ever learn that lesson? Not in the next four years atleast. 😱
2:55 i’m suprise it isn’t like that in the USA
Officially, norway does not have a minimum wage.
Unofficially it kinda does
2:07 - Take that list with a grain of salt. Canada is ranked at number 9, and it's absolutely miserable living here.
Why?
You COULD live off a grocery store worker paycheck here. Not anymore
blud is glazing norway and i respect it
F I N A L L Y❗
…this video 😉
Thats the Nordic countries for you
The important is Universal Health Care and Free Public Schools up to University level.
Then you have doesn't the problem to go to hospital and go personal bankruptcy or get worse and maybe die.
And you don't have to save money for your children to get a good education. That is why you probably are more happy then US.
And that is because the tax pay that for every one in Norge (and Sweden, Denmark, Norway etc)
I have a feeling this episode was out when the Norwegian Kroner had a higher value than a US dollar. Not really the case anymore though.
They adjusted the graph for inflation, which worked to Spain and America's benefit, but would work to ours now. But you're right that the Biden economy has been spectacular and that we've lost our green manufacturing jobs to America. The fact that they replaced that government with Trump, whose policy actually is the equivalent of banning the new style of skiing (ie hindering imports rather than trying to compete with them) is the kind of thing that tends to keep Americans poor. They even had a wage increase (biggest since the 60's) this term, but they focus more on inflation without seeming aware that it's happening all over the world, while the wage gains in America are better than the world at large. Unless we do something stupid, like joing the tariff war, we'll come out on top within a few years, especially since the only economic problam an oil fortune can't help solve is inflation.
NOK never had a higher value than the US dollar. It used to have a much higher value relative to it, as low as 7 NOK for 1 USD, but since we're a nation that export more than we import a higher valued NOK isn't beneficial for our economy so the government itself made measures that pushed it up to 10 NOK for 1 USD. Since this is the government mandated target don't expect the NOK to ever reach the same value again as it did in the past; a loss for us who like to import stuff and go on international vacations, but a win for Norwegian industry.
GDP in Norway was in 2022 - $102,000 - We sell almost everything in dollars and Euros so we get back a lot of NOK. We have in 2023 and 2024. 16 times higher trade surplus than China per person. NOK has never been higher than a $
@@ShadowTani The goverment does not play any kind of role in currency. We only export more than we import if you count oil and gas, which doesn't affect our economy since we don't spend the money. The idea that FrP and Høyre trashed the currency for the good of the nation, is nonsense. They did however massively increase public spending and that may have played a role, for instance because it allowed more Norwegians to buy more global stocks, flooding the market with more NOK. Low currency means imported inflation.
@@jeschinstad Managing the currency is handled by NB on behalf of the government; they don't have full control, but there are various measures they can do to manipulate it. 10 NOK per USD is considered the ideal target. Currently the NOK is weaker than desired however, closer to 11 NOK per USD. Poor right wing politics certainly wasn't good for the nation overall, but the NOK reaching the ideal target was beneficial for our industry. We export a lot more than just oil and gas, for example aluminium and fish to mention a few other major sectors. The oil fund does affect the Norwegian budget, we spend up to 3% of the revenue - unfortunately this rule doesn't account for the currency value, which means this rule rewards poor politics that weakens the NOK.
They pay their workers more cuz things cost more
My sister worked in a library for a week and she’s 16 and she made 2000 dollars
The US has oil .... right?
02:58 I tend to not take Missionaries as good examples of how Norway is, because they often speak about Norway and Norwegians through the lense of someone that's mostly been surrounded by church members that always treat them better than they treat fellow church members, and especially better than non-church goers. But this one is real. Even with an entry-level wage at a grocery store, the worker would be able to save up money to afford a month's trip to the US, although it gets easier if they have worked long enough to build up their hourly wage. Chat GPT lists an hourly wage of 170-190 NOK ($15.39-17.20), but I have heard from many that they earn as much as around 240 NOK ($21.72) per hour, and I don't doubt that as Norway has a minimum wage only in a few sectors, grocery store jobs not being one of them. At a grocery store job, how much the employee earns per hour as they start is very dependent on factors such as the employer's kindness/thoughtfulness/fairness, the employer's negotiation skills, their educational level, their past experience, and more.
Because both husband and wife took paying jobs
This
country have been a shitty place to be on earth.tax tax tax and tax.Norway are extremely rich,and now people are begging for food.The green change,and the politicians are the problem
But Norwegians get less for their money as all prices are through the roof - greetings from Oslo
Bro's videos is only about norway (im from norway)
9.031,30 usd more a year
Norgay✨️🌈❤
If a buisness cant afford to pay its workers properly, does it deserve to stay in buisness?
in Norway, money wouldn't be a problem in a way, because say that people who don't have the opportunity to work will get around 25k usd a year after tax, you will not end op on streat, because then you will get help to pay rent to an apartment, you onlye Paying a maximum of 300 usd a year for hospital and medicine and that also includes taxi for that, yes feed another thing is more expensive in Norway, but it is a bit easier, because of safety net, ofcorse oil helps, but then it would have shot straight up when we found it and not as you see gradually
And live in a shthole full of druggies and crazy people, a place where the cops don`t come, even if 12 people are rioting in the hallway and there`s people shooting up in the hallway, people setting fires, breaking into apartments and booths, trash everywhere etc.
300 a year means you basically never go to the doctor and is generally healthy.
Where did you get that "maximum"?
Those 300 doesn`t cover a single dentist appointment..
A single cab ride can be well over 70 bucks and that`s if you live in a "major" city.
I probably spend 300 a year on over the counter things like Ibuprofen, Paracetamol and mild muscle relaxants, then prescriptions on top of that and FK no I don`t take a cab, because that would at least double the cost of my appointment.
Btw your English is horrendous.
Did you know that a 12 year old is allowed to earn up to 10000 Norwegian dollars which is around 1000 usd
Why are you so interested in Norway? Are you living here or have you visited?
By the way, if you work in a grocery store, why should you not be paid a salary that you can live of? In Norway that is criminal (or almost so). In US it seems to be normal??? (We have strong labour unions here, but US not, as far as I know.)
Sorry.... go back to before april 9 1940. Then look at norway after mai 8 1945. There you have it. And put some oil on it...
Pay hig taxes and contries get far far better🎉
I think the reason Norwegians do better is attention span. Show your stamina. Do the whole thing!
This is very old
As a Norwegian myself, this video is a little outdated.
No it isn't. You may perhaps be thinking of difficult economical times, but Norway is overall less affected than most other countries. Norwegian students abroad are struggling, but that's a different topic.
If you read my comment again it says "little".
Well, as a Norwegian, I might be all smug about this, but we're still going to have to call Cindy and Chuck from Alabama if the Russians are invading. So maybe we shouldn't be all that smug.....
Lmao, nobody in Norway is rich and equal, that tv show is propaganda. Utopia isnt fair.
What a load of propoganda..As a norwegian from the so called working class I can recommend not going socialist. When you add it all up we end up at about 67% tax . You are being lied to.
Highly-paid Norwegians DON'T make much money.
(Um, Tyler, minimum wage varies from state to state -- and it is not meant to be a lifestyle, just an entry.) FYI: The USA is the ONLY country with a pop. above 10 million that's in the Top 10 BOTH in total GDP and GDP per capita.)
Der har vi idioten tilbake jo 😂😂🤮🤡
Who cares?this is about Norway.You might have disgustingly rich people and you also have extreme poverty which Norway dont have.Also lets take salery of a doctor here,they get their education for free.In the USA you pay like a million for same education so It makes sense they earn more,dont you think? You get so defensive about the USA omg..
Propaganda for the labour party!
Ignorant. But everything is a conspiracy, right?
@@jeschinstad No I don't think so. Do you?
Hey, if it isn't the one and only @ragnarkisten showing his mindboggling ignorance to the world?
Tell me exactly, how can historical facts and explanations of what we have actually done be propaganda for anything or anyone? Especially when the ones you mention are not mentioned in this video at all.
Do you also think that learning about, for example, the Soviet effort in WWII is propaganda for communism?
Tosk.
@@steinarhaugen7617 There is a near total agreement on the Nordic model in the Nordic countries. It is pretty much only the nazis and the communists who want to change it.
I suggest this TED-talk next. It is by the same person, Harald Eia, and I think the natural next step. In english.
th-cam.com/video/A9UmdY0E8hU/w-d-xo.htmlsi=YY6e0df63SRI5v8V
Highly-paid Norwegians DON'T make much money.
(Um, Tyler, minimum wage varies from state to state -- and it is not meant to be a lifestyle, just an entry.) FYI: The USA is the ONLY country with a pop. above 10 million that's in the Top 10 BOTH in total GDP and GDP per capita.)
Stating the same nonsense twice, doesn't make it anymore true.
But also one of the western countries if not the western country with the highest percentage of poor and illiterate among its citizens
aaaawwwww, you´re back! We´ve missed you! ❤❤❤❤❤
Highly paid Norwegians make a fortune, but high-middle class jobs like doctor's and engineers have a lower wage than in America. America does well with GDP per capita, but it's not divided that way. The lowest paid 200 million Americans combined have less wealth than three Americans
Der har vi sjefs 🤡 igjen,jeg har ikke savnet deg 🤮💩