Average income in goldsteemCreated with Sketch.

in gold •  11 months ago

A follow up on my previous posts on Housing prices in terms of gold and Household debt in terms of gold. In this post I will look at average income expressed in gold.

Average Income

I'm using statistics for all white-collar workers in Sweden, working for private companies or government sector.

Average income in gold

Expressing the average income in gold per month will give the following graph

In 2016 the average income was 121 grams of gold per month. A decline from 300 grams of gold per month in 2000 and 2004.

Average US income in gold

I found an article from 2012 on US income in gold where they calculate US income in gold for the years 1955 - 2010. In this article it can be seen that average income was also in US decreasing during the preiod 2000 - 2010.

Source

Gold price and currency - Bank Of England

Average income - Svenskt Näringsliv


This post is also in Swedish on my site here

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Very interesting. Quantitative easing (QE) is common nowadays and especially loved by Riksbanken to solve all our problems. That's why #crypto like #bitcoin will succeed.

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That is very true, we'll see where is all ends.

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So true. Maybe I want to watch the end from an tropical island. It will be ugly.

I believe the best Americanized/English translation of "Tjänsteman" would be "white-collar worker", which according to Wikipedia is "a salaried professional or an educated worker who performs semi-professional office, administrative, and sales-coordination tasks, as opposed to a blue-collar worker, whose job requires manual labor" instead of officer.

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That's it! I was looking for the wording but nothing good came up, but I knew I've heard it before. Thanks, I'll update the text.

Really nice information @bhj, keep it up! :)

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Thanks, I'll try

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Great, the people need some good information to say the least! :)

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