Economy: Canada First!
Day 877, 10:39
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Published in Canada 
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by
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by Alias Vision
Yesterday we looked at the "cost of living" in Canada in isolation. Today we are going to expand the study to include other nations as comparables.
The same basic premise applies, it is salaries before taxes from skills 0 to 7 across all three skill specializations. It means Q1 food purchases for the minimal survival category. Q2 food and Q1 gift for the wellness line category. Q2 food, Q1 gift and an additional Q1 gun for the middle class, more ideal scenario.
The average is based on the aggregated offers across all skill levels and is the equivalent of about a skill 4.5. Along with this average, we also looked at skills 0-2 in isolation and skill 0 alone.
The data is for day 875 of the New World. The nations studied are:
Poland, biggest economy by almost a 2:1 margin is a reflection of their massive population.
Spain, second biggest economy in the New World due in large part to its iron mines.
USA, fifth largest economy in the New World and the most diversified.
Brazil, ninth economy and growing due to a recent population explosion.
Hungary, tenth economy and once upon a time the most controlled and planned economy of the New World.
Turkey, fifteenth economy and the closest comparable to Canada both in terms of output and size.
As stated yesterday, Canada ranks 14th in that list.
Wages.
The first thing that was looked at was earnings. Earning power should be a reflection of the strength of the economy following the simple premise that companies that generate the most revenue can then offer the highest wages.
Canada shows very favourably in this context. Overall the average for Canada put them third behind Turkey (a surprising 14% more) and Spain (a minuscule 0.4% difference). For the entry levels 0-2, Canada placed first by a large margin. This country offers 23-48% more than the other nations polled. Entry level workers (skill 0 only) puts Canada second to Brazil (who offer 47% more) but ahead of anyone else by 37% plus.
As a matter of fact, Canada's salary offer breakdown shows them to be extremely aggressive across all skill levels but that the pack catches up to them at the higher levels.
In dollar terms it means $8.37 for the average, $2.72 for skills 0-2 and $1.72 for entry level in Canada. If you converted foreign values to CAD, it would look like this (average, 0-2, entry):
Poland $6.78, $1.40, $0.65
Spain $8.41, $2.03, $1.08
USA $6.79, $1.41, $0.72
Brazil $7.81, $2.07, $2.53
Hungary $6.96, $1.64, $1.08
Turkey $9.55, $1.70, $0.73
If you break it down by specialization, the numbers change slightly but Canada continues to show well. It ranks first in all three scenarios for land workers, as well as for low and entry level construction workers (third overall in average behind the booming Turks and Spain). In manufacture we rank second in all three scenarios to Brazil due in part to the fact that they pay their entry level workers more than triple what any other nation does. This would appear to point out a severe shortage of newborns choosing the manufacturing career or extreme generosity from those business managers/government.
Construction salaries, converted to CA
Canada $10.12, $2.92, $1.78
Poland $8.40, $1.15, $0.53
Spain $11.02, $1.59, $0.94
USA $8.71, $1.36, $0.78
Brazil $9.41, $1.33, $0.72
Hungary $8.76, $1.30, $1.06
Turkey $15.02, $1.72, $0.72
Land salaries, converted to CA
Canada $7.60, $2.75, $1.75
Poland $6.14, $1.52, $0.69
Spain $7.38, $2.32, $1.25
USA $6.18, $1.55, $0.69
Brazil $5.89, $1.49, $0.75
Hungary $6.67, $2.04, $1.13
Turkey $7.23, $1.76, $0.78
Manufacturing salaries, converted to CA
Canada $7.40, $2.48, $1.63
Poland $5.79, $1.52, $0.72
Spain $6.82, $2.17, $1.06
USA $5.48, $1.32, $0.69
Brazil $8.12, $3.40, $6.13
Hungary $5.45, $1.58, $1.06
Turkey $6.41, $1.61, $0.69
Cost of living.
So now that we know that Canadians make the most, who spends the most? Would you be surprised if it was Canada?
For the average young citizen, spending at the minimal survival level, they will commit 8.7% of their income on food. That is more than Brazil at 8% and Hungary at 7.5% who rank second and third and a noticeable difference with Turkey (5.3
Wait... turns out that is the only category in which they lead. Canadians spend the least proportionally to maintain themselves at the "wellness line" and third least for the middle class scenario.
Things are even better when you consider the 0-2 skill level grouping. Although they rank 4th for minimal survival, they are the only country of those surveyed that can afford the wellness line. Workers in Canada at this stage of experience will commit 78.5% of their salary. The next closest is Spain who would have to spend 109%. Poland, who is a manufacturing giant, would ask their citizens to spend a shocking 162%. The middle class is understandably out of reach for all of them.
New workers have it easiest in Canada, spending 41.7% on food compared with Poland again that spends 75.8%.
(Minimal survival, wellness line, middle class)
Percentage of salary spent by average citizens:
Canada 8.72%, 25.85%, 57.72%
Poland 7.29%, 33.76%, 70.78%
Spain 6.14%, 26.76%, 54.76%
USA 5.41%, 31.14%, 64.63%
Brazil 8.03%, 34.56%, 72.61%
Hungary 7.50%, 29.37%, 60.69%
Turkey 5.34%, 29.43%, 55.71%
Percentage of salary spent by 0-2 skill citizens:
Canada 26.47%, 78.50%, 175.26%
Poland 35.10%, 162.49%, 340.70%
Spain 25.01%, 109.05%, 223.17%
USA 25.11%, 144.65%, 300.18%
Brazil 34.49%, 148.52%, 312.06%
Hungary 31.69%, 123.99%, 256.25%
Turkey 26.17%, 144.30%, 273.12%
Percentage of salary spent by 0 skill citizens:
Canada 41.70%, 123.65%, 276.07%
Poland 75.85%, 351.17%, 736.32%
Spain 46.21%, 201.52%, 412.40%
USA 49.31%, 284.07%, 589.53%
Brazil 58.06%, 249.98%, 525.24%
Hungary 46.48%, 181.86%, 375.85%
Turkey 61.03%, 336.51%, 636.93%
Other things of note... Along with Canadians across all skill specializations at level 0-2, only the land workers of Spain and Hungary and the manufacture workers of Spain and Brazil can afford the wellness line scenario.
Only Brazilian manufacture workers could afford the wellness line amongst level 0 workers (this may be an outlier).
Of the countries surveyed, Poland is the most expensive to live in despite their massive production potential and the size of their economy.
Canada punches above its weight.
Canada may have a modest population and it has many challenges. However the numbers seem to show that the standard and level of living is very high. Certainly the quality is higher than some of the economic giants of the New World.
High salaries and low cost of living should be a calling card to attract new immigrants. The edge we show in the numbers mean that productivity is potentially higher, as maintaining an optimum level of wellness is more easily available for even the youngest citizens.
All this at a time when our trade protection barriers have never been higher and with a currency whose potential buying power is also amongst the highest of the New World.
Our economic stewardship has, all things considered, been capable and efficient.
The same basic premise applies, it is salaries before taxes from skills 0 to 7 across all three skill specializations. It means Q1 food purchases for the minimal survival category. Q2 food and Q1 gift for the wellness line category. Q2 food, Q1 gift and an additional Q1 gun for the middle class, more ideal scenario.
The average is based on the aggregated offers across all skill levels and is the equivalent of about a skill 4.5. Along with this average, we also looked at skills 0-2 in isolation and skill 0 alone.
The data is for day 875 of the New World. The nations studied are:
Poland, biggest economy by almost a 2:1 margin is a reflection of their massive population.
Spain, second biggest economy in the New World due in large part to its iron mines.
USA, fifth largest economy in the New World and the most diversified.
Brazil, ninth economy and growing due to a recent population explosion.
Hungary, tenth economy and once upon a time the most controlled and planned economy of the New World.
Turkey, fifteenth economy and the closest comparable to Canada both in terms of output and size.
As stated yesterday, Canada ranks 14th in that list.
Wages.
The first thing that was looked at was earnings. Earning power should be a reflection of the strength of the economy following the simple premise that companies that generate the most revenue can then offer the highest wages.
Canada shows very favourably in this context. Overall the average for Canada put them third behind Turkey (a surprising 14% more) and Spain (a minuscule 0.4% difference). For the entry levels 0-2, Canada placed first by a large margin. This country offers 23-48% more than the other nations polled. Entry level workers (skill 0 only) puts Canada second to Brazil (who offer 47% more) but ahead of anyone else by 37% plus.
As a matter of fact, Canada's salary offer breakdown shows them to be extremely aggressive across all skill levels but that the pack catches up to them at the higher levels.
In dollar terms it means $8.37 for the average, $2.72 for skills 0-2 and $1.72 for entry level in Canada. If you converted foreign values to CAD, it would look like this (average, 0-2, entry):
Poland $6.78, $1.40, $0.65
Spain $8.41, $2.03, $1.08
USA $6.79, $1.41, $0.72
Brazil $7.81, $2.07, $2.53
Hungary $6.96, $1.64, $1.08
Turkey $9.55, $1.70, $0.73
If you break it down by specialization, the numbers change slightly but Canada continues to show well. It ranks first in all three scenarios for land workers, as well as for low and entry level construction workers (third overall in average behind the booming Turks and Spain). In manufacture we rank second in all three scenarios to Brazil due in part to the fact that they pay their entry level workers more than triple what any other nation does. This would appear to point out a severe shortage of newborns choosing the manufacturing career or extreme generosity from those business managers/government.
Construction salaries, converted to CA
😨
Canada $10.12, $2.92, $1.78
Poland $8.40, $1.15, $0.53
Spain $11.02, $1.59, $0.94
USA $8.71, $1.36, $0.78
Brazil $9.41, $1.33, $0.72
Hungary $8.76, $1.30, $1.06
Turkey $15.02, $1.72, $0.72
Land salaries, converted to CA
😨
Canada $7.60, $2.75, $1.75
Poland $6.14, $1.52, $0.69
Spain $7.38, $2.32, $1.25
USA $6.18, $1.55, $0.69
Brazil $5.89, $1.49, $0.75
Hungary $6.67, $2.04, $1.13
Turkey $7.23, $1.76, $0.78
Manufacturing salaries, converted to CA
😨
Canada $7.40, $2.48, $1.63
Poland $5.79, $1.52, $0.72
Spain $6.82, $2.17, $1.06
USA $5.48, $1.32, $0.69
Brazil $8.12, $3.40, $6.13
Hungary $5.45, $1.58, $1.06
Turkey $6.41, $1.61, $0.69
Cost of living.
So now that we know that Canadians make the most, who spends the most? Would you be surprised if it was Canada?
For the average young citizen, spending at the minimal survival level, they will commit 8.7% of their income on food. That is more than Brazil at 8% and Hungary at 7.5% who rank second and third and a noticeable difference with Turkey (5.3
😵who spends the least. Canada is too expensive!
Wait... turns out that is the only category in which they lead. Canadians spend the least proportionally to maintain themselves at the "wellness line" and third least for the middle class scenario.
Things are even better when you consider the 0-2 skill level grouping. Although they rank 4th for minimal survival, they are the only country of those surveyed that can afford the wellness line. Workers in Canada at this stage of experience will commit 78.5% of their salary. The next closest is Spain who would have to spend 109%. Poland, who is a manufacturing giant, would ask their citizens to spend a shocking 162%. The middle class is understandably out of reach for all of them.
New workers have it easiest in Canada, spending 41.7% on food compared with Poland again that spends 75.8%.
(Minimal survival, wellness line, middle class)
Percentage of salary spent by average citizens:
Canada 8.72%, 25.85%, 57.72%
Poland 7.29%, 33.76%, 70.78%
Spain 6.14%, 26.76%, 54.76%
USA 5.41%, 31.14%, 64.63%
Brazil 8.03%, 34.56%, 72.61%
Hungary 7.50%, 29.37%, 60.69%
Turkey 5.34%, 29.43%, 55.71%
Percentage of salary spent by 0-2 skill citizens:
Canada 26.47%, 78.50%, 175.26%
Poland 35.10%, 162.49%, 340.70%
Spain 25.01%, 109.05%, 223.17%
USA 25.11%, 144.65%, 300.18%
Brazil 34.49%, 148.52%, 312.06%
Hungary 31.69%, 123.99%, 256.25%
Turkey 26.17%, 144.30%, 273.12%
Percentage of salary spent by 0 skill citizens:
Canada 41.70%, 123.65%, 276.07%
Poland 75.85%, 351.17%, 736.32%
Spain 46.21%, 201.52%, 412.40%
USA 49.31%, 284.07%, 589.53%
Brazil 58.06%, 249.98%, 525.24%
Hungary 46.48%, 181.86%, 375.85%
Turkey 61.03%, 336.51%, 636.93%
Other things of note... Along with Canadians across all skill specializations at level 0-2, only the land workers of Spain and Hungary and the manufacture workers of Spain and Brazil can afford the wellness line scenario.
Only Brazilian manufacture workers could afford the wellness line amongst level 0 workers (this may be an outlier).
Of the countries surveyed, Poland is the most expensive to live in despite their massive production potential and the size of their economy.
Canada punches above its weight.
Canada may have a modest population and it has many challenges. However the numbers seem to show that the standard and level of living is very high. Certainly the quality is higher than some of the economic giants of the New World.
High salaries and low cost of living should be a calling card to attract new immigrants. The edge we show in the numbers mean that productivity is potentially higher, as maintaining an optimum level of wellness is more easily available for even the youngest citizens.
All this at a time when our trade protection barriers have never been higher and with a currency whose potential buying power is also amongst the highest of the New World.
Our economic stewardship has, all things considered, been capable and efficient.
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Comments
Awesome, yes we are
This made my day.
🙂
X6 voted
Wow, thanks Dr.Pain. I really appreciate it. 🙂
Where is the stat about how many eCanadians do their shopping OUTSIDE of the CAD market?
That's the one I want to see...
But AR1ARX says Congress and I failed Canadians for months!
^ Burn Him!!!!!!!!1! ^
😉
I agree with TFD, when I was living in eCanada I was buying Canadian products but when I compared the Canadian prices with other nation's markets I saw loads of cheaper things and I could have saved like 0.5 gold per week...
interesting to read... voted
Black Market FTW! 😃
DR PAIN IS COPYING MY AVATAR STYLE
Awesome article once again...you may just take over the #1 spot as my personal favourite newspaper!
salty: yes i am. i made it when you left the game. i photoshoped your pic for it. it just isn't quite the ressult i was looking for so i sticked with the old one.
Great analysis, Alias Vision.
Jacobi, you need to either pay closer attention when you're reading what I write, or stop deliberately distorting my arguments. I've been saying all this time now that as a function of labour productivity, wage rates, and affordability within local markets, our prices were competitive. It's the exact argument I offered in the Commons during the weapons import tax discussion, the same argument I made during grain, housing, and food. What I said was that overpriced and uncompetitive industries as a function of gold compared to foreign markets were the failures of you and past Parliaments, which is a very important point to note since you were out to try to validate that state of affairs by killing the first two with your proposals.
Let's not forget what you're after, Jacobi. Bury manufacturing and construction, to focus solely on diamonds/wood.
Cheers,
AR1ARX
Wages are high and goods are cheap. Does this make Canada a very nice place to live and a crappy place to run a business?
Of course that's only a first approximation, because having your employees (easily) maintain high wellness has bonuses to a business, and I'm sure there are other auxillary benefits too.
I am very pleased with your report.
Another voice in the choir, and AR1ARX is in the choir, eCanada is pays well and although it has a high nominal cost of living, the difference between wages and cost of living is big and affords a lot of opportunity.
Here's a question: how does your model take into account militia-owned companies? They tend to employ people who have been here longer, so they have higher skill levels, but they pay very very low wages so that profits can be directed towards subsidizing weapons for the militia and food for the members. Could that phenomenon explain the narrower gap between eCanadian wages and other wages as skill level increases?
There is no way for me to track what people are actually getting paid, just what the market is willing to offer (if anyone does know of a way, please let me know). So the model is based entirely on offers.
In Canada, the progression for salary is gradual and rarely have outliers (substantially higher offers that do not match what the market expects to pay) that have a distorting effect on the numbers. Other countries, like Turkey, have a huge premium on higher quality workers. I'm willing to bet that is partly caused by a lack of high quality workers.
only reason we are at this level is that we have some good business minds in the nation that got there start under the economics of rearden and dean. Jacobi was a good president when it came to managing wars. That is where he should focus his efforts and stay away from our economy
"Jacobi was a good president when it came to managing wars."
uhhh, Petz, you do know we lost our country, right?
lol, no kidding PD.
AV, this is gold. Very unique approach...I had never thought of doing the cost of living/quality of life thing.
Excellent job, Alias Vision. The only thing I think it could use is some tables, summarizing the findings in order of standard of living for different classes that you evaluated.
I have been preaching this all along, in my efforts to go against any decreases in our export tariffs. You have bolstered my argument with real facts. Raising our export tariffs was one of the best things we have done in Canada. Our prices have hardly risen (due to the tariffs), but our salaries have grown much more because there are more successful Canadian companies competing for labor. It will be interesting to track what happens with this latest change in the food tariff. I fully expect that manufacturing salaries will drop; and the cost of food will drop initially, but then increase back to equilibrium levels, once Canadian food companies start to die do to intense foreign competition. The result will be a decrease in the standard of living for manufacturing workers.
Your facts point out what a great place Canada is to live, consume, fight, and save money. There is no better country economically, as far as I'm concerned. I want to see it remain that way.
Citizen B
If Addy can teach me how to imbed those fancy tables of his, I promise to include those. 🙂
Yes, PD, if only Bruck was in charge we could have saved Canada, rescued the US, and been home in time for dinner.
pimp.....he managed to get other countries to help us lol
Jacobi dont take credit for things you did not solve. The only reason food is low in price now is because of the high amount of food companies not because of your policy.
Shine the light...Canada is doing well and dandy.
Perhaps now we forgo this crazy self destruction of Canadian industry???
Top rated article, hasn't happened to me in a long while. Thank you everyone for the support.
Excellent article, AV.
Markets correct themselves. Drastic tax policies and changes break the system, they don't fix it. There's a reason the BoC raises interest rates .25 or .5 at a time instead of going all the way to 5-7% like they'll eventually be at by the end of this year or early next.
P😨 Last I checked, Canada was on the map, fully intact and we even have a winter getaway destination in Delaware.
- Sir DeLaShaunRon Smith
Uhh, how can the salary for skills 0-2 for Brazil be $2.07, while entry is $2.53?
Value shown in CAD, not BRL.
The best will always strive for more.
bella li