___|  _ \   |  |    |   |_ _|\ \     / ____|
 |     |   |  |  |    |   |  |  \ \   /  __|
 |   | |   | ___ __|  ___ |  |   \ \ /   |
\____|\___/     _|   _|  _|___|   \_/   _____| 

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Average income in gold

BY: @bhj | CREATED: Sept. 9, 2017, 11:51 a.m. | VOTES: 13 | PAYOUT: $0.23 | [ VOTE ]

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.

[IMAGE: https://steemitimages.com/DQmbuEGeMerV7EkGkjqKxtshddAevEeS2yz8ekRRWoTZio5/image.png]

Average income in gold

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

[IMAGE: https://steemitimages.com/DQmTCh6pr359KzpXaLjRWSgwqAAv8zy82YM9WzsNWCUFchs/image.png]

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

TAGS: [ #gold ] [ #money ] [ #income ] [ #invest ] [ #teamsweden ]

Replies

@reko | Sept. 10, 2017, 1:10 a.m. | Votes: 1 | [ VOTE ]

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

@bhj | Sept. 10, 2017, 4:59 p.m. | Votes: 1 | [ VOTE ]

Thanks, I'll try

@reko | Sept. 10, 2017, 5:06 p.m. | Votes: 0 | [ VOTE ]

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

@ersi | Sept. 10, 2017, 7:22 p.m. | Votes: 1 | [ VOTE ]

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.

@bhj | Sept. 10, 2017, 7:52 p.m. | Votes: 0 | [ VOTE ]

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.

@minnowpond1 | Sept. 10, 2017, 8:10 p.m. | Votes: 0 | [ VOTE ]

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

@minnowpond | Sept. 10, 2017, 8:12 p.m. | Votes: 0 | [ VOTE ]

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

@joewilder | Sept. 11, 2017, 11:07 a.m. | Votes: 2 | [ VOTE ]

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.

@bhj | Sept. 11, 2017, 8:05 p.m. | Votes: 1 | [ VOTE ]

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

@joewilder | Sept. 12, 2017, 5:51 p.m. | Votes: 1 | [ VOTE ]

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

[ BACK TO TRENDING ] [ BACK TO MENU ]
CMD>