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chungbukdo
Joined: 22 Aug 2010
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 Posted: Mon Mar 03, 2014 11:04 pm Post subject: |
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This is great. Exactly what I was looking for and a very interesting statistic to know.
I have to tell my Korean friends and partner this number, because of (confirmation?) bias they keep thinking there are so many rich people above them when they're already in the top 1%.
Not to mention, if people make this wage as salaried employees a massive amount is eaten up by tax in Korea. If they are self employed or contractors, to have an equal amount of spending money takes way less income. |
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chungbukdo
Joined: 22 Aug 2010
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| Posted: Mon Mar 03, 2014 11:05 pm Post subject: |
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| Weigookin74 wrote: |
That seems pretty low compared to other countries. Incomes would much higher starting in the millions or billions of dollars. |
In Canada the top 1% *household* income threshold is about $190,000 per year before tax.
I think it may be $521,000 in the US.
Apparently you need $34k USD income per year to be in the global top 1%. |
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Threequalseven
Joined: 08 May 2012
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| Posted: Tue Mar 04, 2014 8:32 am Post subject: |
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| I think the real question is, do the 1% in Korea still live in packed-and-stacked apartments that could pass as public assistance housing in the States? |
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wooden nickels
Joined: 23 May 2010
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| Posted: Tue Mar 04, 2014 8:35 am Post subject: |
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| Threequalseven wrote: |
| I think the real question is, do the 1% in Korea still live in packed-and-stacked apartments that could pass as public assistance housing in the States? |
Well, sort of. But, probably much nicer on the inside than the typical studio. |
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wanderkind
Joined: 01 Jan 2012
Location: Japan
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| Posted: Wed Mar 05, 2014 8:47 pm Post subject: |
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| chungbukdo wrote: |
.......
I have to tell my Korean friends and partner this number, because of (confirmation?) bias they keep thinking there are so many rich people above them when they're already in the top 1%.
........... |
I doubt there's any less rich people above them than they imagined, just more poorer people below them. |
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Jongno2bucheon
Joined: 11 Mar 2014
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| Posted: Wed Mar 12, 2014 9:41 am Post subject: |
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Some of those salaries are lower in korea because of the 정규직 system of employment.
basically if you are a full time employee, (not a contract worker) then basically you can't get fired. I mean you would have to spit in the face of the ceo. I would take a lower salary for that sort of peace of mind instead of being the token asian guy who was let go as soon as economic conditions got bad back in the states.
to make 2.1 mil a month on contract is not a good gig by korean chaebol standards. typically the instability of a contract means you should be paid 50% more than 정규직.
I think it's sad to see esl teachers get less benefits than their korean counterparts when you hit your 30s. Hopefully you will see that정규직 is the way to go. |
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