It might be a joke. Although we have good social programs and a good economy it’s not like the average Norwegian is loaded and everyone has a high-skill job.
And again you don’t take in relation the skill difference between the jobs. In addition a wage of 400K pr. year is a drop in the ocean among it’s large budget right, it’s not a lof money and not to big corporations and non-profits. How much “a lot of money” is relative to it’s context, and here we are talking about a giant organization that is growing each year by tremendous bounds while it’s success wouldn’t have happened by itself.
I find
Sure depends on the country and the living costs and all that. Probably doesn’t sound that much from a Norwegian perspective ;)
What I meant is that due to various factors the typical Norwegian earns (but also has to spend) much more than pretty much anyone else in Europe. This of course means that they are not rich in their own country, but when looking at salaries from other places 400k may not seem as much as it is in reality.
I don’t think there is a country except maybe like Dubai where 400k a year as a sallary ‘is nothing’, but even there it would be a lot.
But in an organization were talking about about 130 million USD in pure income, 400 thousand USD a year as a leader sallary isn’t that much.
If you want context about Norway:
Because of unionization, the social democratic regulations it means that the country’s wages are much more even. Specialized jobs which would otherwise have a incredulous salary is brought down while most job salaries are brought up, and jobs that don’t really have much benefit can’t exist in the economy, and therefore you can’t have ‘grocery packers’ in Scandinavia for example. This builds a strong economy, but there still must logically be different value to different jobs as skills can be more rare or more difficult to get.
There is ofc as you say the difference in valuta, but 400K pr year would be ‘a hell of a lot of money’. A very high earning job would be more like 100K pr year, and the median yearly salary for people are between 20 and 30K. Those under at the limit at being poor get’s state funds so they can have at least a almost a minimum income lifestyle. (Although things have gotten worse since we’ve had a right leaning government for 8 years now)
I don’t even earn a median yearly sallary myself, but I hope to one day.
Sure depends on the country and the living costs and all that. Probably doesn’t sound that much from a Norwegian perspective ;)
But a good way to look at it is how many times the executives make compared to the median employee. Which is probably not a good ratio at the WMF.
It might be a joke. Although we have good social programs and a good economy it’s not like the average Norwegian is loaded and everyone has a high-skill job.
And again you don’t take in relation the skill difference between the jobs. In addition a wage of 400K pr. year is a drop in the ocean among it’s large budget right, it’s not a lof money and not to big corporations and non-profits. How much “a lot of money” is relative to it’s context, and here we are talking about a giant organization that is growing each year by tremendous bounds while it’s success wouldn’t have happened by itself.
I find
a bit ignorant TBH
What I meant is that due to various factors the typical Norwegian earns (but also has to spend) much more than pretty much anyone else in Europe. This of course means that they are not rich in their own country, but when looking at salaries from other places 400k may not seem as much as it is in reality.
It would be a lot.
I don’t think there is a country except maybe like Dubai where 400k a year as a sallary ‘is nothing’, but even there it would be a lot.
But in an organization were talking about about 130 million USD in pure income, 400 thousand USD a year as a leader sallary isn’t that much.
If you want context about Norway: Because of unionization, the social democratic regulations it means that the country’s wages are much more even. Specialized jobs which would otherwise have a incredulous salary is brought down while most job salaries are brought up, and jobs that don’t really have much benefit can’t exist in the economy, and therefore you can’t have ‘grocery packers’ in Scandinavia for example. This builds a strong economy, but there still must logically be different value to different jobs as skills can be more rare or more difficult to get.
There is ofc as you say the difference in valuta, but 400K pr year would be ‘a hell of a lot of money’. A very high earning job would be more like 100K pr year, and the median yearly salary for people are between 20 and 30K. Those under at the limit at being poor get’s state funds so they can have at least a almost a minimum income lifestyle. (Although things have gotten worse since we’ve had a right leaning government for 8 years now)
I don’t even earn a median yearly sallary myself, but I hope to one day.