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lohi | 9 years ago

There's just no way salaries can keep up with social changes. Housing prices have doubled in the last 10 years. Salaries are already high and hamburgers expensive in Sweden.

A 19 year old in Sweden would make $14/hour at 7-11. That's around $1900/month after taxes. To double that with progressive taxes you would have to make roughly as much as a fairly well paid software developer here. A rental unit could easily be $1200-1400 and to buy a 330 square feet apartment would cost you around $300k, which is essentially the same as SF. Say you save $500/month then it still takes you more than 7 years just to get the cash contribution. It's not happening.

http://www.valueguard.se/index http://www.economist.com/content/big-mac-index

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