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Cost of Living, Average Salaries and Job sites in Poland [263]
RIGHT.
Not sure what you're getting at. The average Pole won't have the global purchasing power of the average American for some time to come. This repeated the world over, but obviously changing with the single global market. Imports cost more, domestic services are much cheaper. How many hours do you have to work in the US to get a tooth extracted? It's probably going to be cheaper here. How about to buy a kilo of onions? About the same, maybe a bit cheaper? Go out to see concert? Definitely cheaper here. Buy a PS3, quite a bit cheaper in the US.
I suppose it's more of a question of what kind of lifestyle are you expecting? Staples are important, and in the grand scheme of things, aren't much more expensive that the US (in hours worked), even taking into consideration the lack of economies of scale and cheap transportation.
Fairly close? Polands is running at 57% for this year and the States are running at 100%, in fact, its predicted that the interest payments alone will soon be higher than their GDP.
What does it matter, they print their own currency anyway.
Here's a secret, everyone using fiat currency magics up their own money. Inflation is a pretty good indicator on how much money is flooding the market...
You're absolutely right, the 2009 numbers paint a bit more rosy of a picture. The US currently has 13.3tm in outstanding public debt on a 14.6tm GDP. Social Security is the US white elephant that makes up the largest chunk of that debt. Pensions here will become a much larger issue here in the next 10-20 with the demographic situation. There will either be cuts or borrowing. Considering how addicted the populace is to government money, I'm banking on the latter.
