Thanks for the correction! Just to make it clear, I wasn't trying to say Ford invented the first car ever, what I meant to say was, "then Ford came along." In hindsight, I don't even know if it was Ford's efforts that solved the issue, I should have said, "The automobile industry came along..."
Its a difference between size of economy (in total) and divided pr. person. In total UK, Germany, France etc have the biggest economies. Pr. person it is Norway, Switzerland, etc.
It's important to remember that Norway offers free higher education, so to pursue a master's degree, you only need to cover your living expenses, which can be managed with student stipends and loans.
Norway's GDP in 2022 at purchasing power parity was $114,899 per capita. UK's GDP(ppp) was for the same year 2022 at $54,603. Ranked, in that year Norway's economy is in 4th and UK's 27th.
But the current currency situation is wild and in 2013, GBP was 8,91 rather than 14. So you should be aware of this while you're in Norway that you're pretty much getting everything at half price of normal. So this is an extremely good time to be a foreign tourist in Norway. :)
Or put the other way - a clerk in Norway now doesn't earn much more than a US one... I guess Harald Eia forgot about the exchange rate in his nice story. Its the exchange rate that makes a country richer/poorer than another country. (Of course the productivity will factor in on the exchange rate. But Harald Eia also forgot to mention that all the people loosing jobs in the private sector is mostly sucked up by the inefficient public sector in Norway the last decade).
@@Mosern1977 No, this is not correct. We earn just as much as we did before. Eias numbers were adjusted for purhasing power, so nothing has changed. If anything, Norwegians have a a greater advantage now because of low inflation. What doesn't work is to just convert to another currency without adjusting for purchasing power.
If I say my car can drive 150kmH and I pass you in 150KmH. Then it is not a theory, it is a fact. He explained how the Norwegian system works today, aka fact.
Norwegian higher education is mostly tuition free. So becoming an engineer or doctor does not cost much, except that you use longer time, needing student loan for several years to support daily living in that period.
As much as we like to cliwn on Bergen where I'm from, it is a really nice place as long as it is nice weather (which might not be very often), so I would definitely reccomend checking it out.
Public education is free and covers higher-education, you could master in a field for no cost, there is also student loans which are covered 40% if you finish studies, live alone, etc. People are willing to specialize in a field for other reasons than just money, but it is a factor. But others are passionate, want self-establishment/achievement, etc.
Since university is free in Norway there's a lot more people who can and will take higher education, that means the pool of high-salary workers is much greater and there is less competition for those workers. Not only does that mean the lower salaries is justified, but it also have the consequence that those high-salary jobs is less demanding and stressful compared to nations with more competition over such employees. As an example an Engineer in Norway will generally have more time with their family compared to an Engineer in the USA. Thus it's still a beneficial situation for those on the top.
When it comes to teacher vs shopassistant salary, there is a big education difference. Shopassistants don't need any education, so the salary is lower. That's what the comparison is about. A shopassistant could be a McDonalds employee. It's the lowest of the lowest, has no requirements. A teacher job has requirements.
The point isn't who has the best economy, the point is what it's like for the people living in that country. It seems to me England has an economy good for the rich people, while they don't really care about the poor. In Norway we don't really like to have poor people. Homeless people in Norway usually has accommodation provided, but choose not to use it, unless they are nomads like the Gypsies.
Another thing he didnt talk about is that Norweigan "expert" got "free education", wait its more he even get payd to attend university! There is altso a small loan one can take, for rent, groseries and clothes when one study! Another question is; "Where in the world is it easiest to get rich?" ruclips.net/video/A9UmdY0E8hU/видео.html
Education is free (for the most part) and we also need it to be to get more people into higher skilled jobs and drive innovation. He has a TED talk with statistics that show how many go from bottom poor to top rich compared to other countries. He skipped that part here.
You guys know what I meant... "the car" refers to Ford... he did invent Ford and made it popular. I didn't mean he invented the first car ever. Also, yes, I am a teacher, and that has nothing to do with the context. In any case, search for "Great horse manure crisis of 1894", I was trying to explain that story which I had heard, and the point is that the solution to that issue was the new automobile industry.
There's no minimum wage in Norway (except in a few industries). ETA to clarify: As explained in the video, salaries are set through negotiations between labour unions and employer's associations. Companies that are not part of an employer's association, and don't have unionized employees, are free to set the wage as they like, but in practice have to follow the negotiated norm to avoid upsetting the employment market. Because of this, there's no reason for the government to set a minimum wage. (There is an exception among industries with a high number of foreign employees with limited skill demands, like the hotels and restaurants, where thee is a minimum wage in order to avoid 'social dumping'.)
Request a video or support my Norway trip here: buymeacoffee.com/teacherpaul/wishlist
ford didnt create the car, that was benz. ford created massproduction of cars however, making them availible and common
Thanks for the correction! Just to make it clear, I wasn't trying to say Ford invented the first car ever, what I meant to say was, "then Ford came along."
In hindsight, I don't even know if it was Ford's efforts that solved the issue, I should have said, "The automobile industry came along..."
Bah, I should have read this one first. 😂
Its a difference between size of economy (in total) and divided pr. person.
In total UK, Germany, France etc have the biggest economies.
Pr. person it is Norway, Switzerland, etc.
It's important to remember that Norway offers free higher education, so to pursue a master's degree, you only need to cover your living expenses, which can be managed with student stipends and loans.
The rules had changes.
@@biankakoettlitz6979in what way?
@@Glundberg84 foregin students don't get it for free
Norway's GDP in 2022 at purchasing power parity was $114,899 per capita. UK's GDP(ppp) was for the same year 2022 at $54,603. Ranked, in that year Norway's economy is in 4th and UK's 27th.
But the current currency situation is wild and in 2013, GBP was 8,91 rather than 14. So you should be aware of this while you're in Norway that you're pretty much getting everything at half price of normal. So this is an extremely good time to be a foreign tourist in Norway. :)
Or put the other way - a clerk in Norway now doesn't earn much more than a US one...
I guess Harald Eia forgot about the exchange rate in his nice story. Its the exchange rate that makes a country richer/poorer than another country.
(Of course the productivity will factor in on the exchange rate. But Harald Eia also forgot to mention that all the people loosing jobs in the private sector is mostly sucked up by the inefficient public sector in Norway the last decade).
@@Mosern1977 No, this is not correct. We earn just as much as we did before. Eias numbers were adjusted for purhasing power, so nothing has changed. If anything, Norwegians have a a greater advantage now because of low inflation. What doesn't work is to just convert to another currency without adjusting for purchasing power.
@@Mosern1977Eia's numbers were not TRUE numbers - they were adjusted for purchasing power, so this was already taken into account from the getgo
Note: This video is nearly 10 years old. The values are not representative of current prices and/or currency exchange.
what are you talking about, haha. The video is 4 years old
12. februar 2020 was the release of this video on NRK
Are you serious 😂 It's from 2020, so please check your facts before you make a fool of yourself 😂 Some people 🙄
And the fact that 30 stupid people liked your idiotc comment is HILARIOUS 😂
If I say my car can drive 150kmH and I pass you in 150KmH. Then it is not a theory, it is a fact.
He explained how the Norwegian system works today, aka fact.
Norwegian higher education is mostly tuition free. So becoming an engineer or doctor does not cost much, except that you use longer time, needing student loan for several years to support daily living in that period.
There is a TED talk with the same guy in English out there somewhere. I liked that one, I recommend.
The starting wage of a teacher in Norway is 614 100 NOK (£44 414) btw:)
😵😵💫 that is awesome 👌 👏 👍
I don’t believe it’s so high. I’m a Norwegian and had this wages after working all my life.
The
@@biaberg3448 Just google lektorlønn
@@BastianNorW De fleste lærere er ikke lektor.
As much as we like to cliwn on Bergen where I'm from, it is a really nice place as long as it is nice weather (which might not be very often), so I would definitely reccomend checking it out.
Public education is free and covers higher-education, you could master in a field for no cost, there is also student loans which are covered 40% if you finish studies, live alone, etc.
People are willing to specialize in a field for other reasons than just money, but it is a factor.
But others are passionate, want self-establishment/achievement, etc.
Since university is free in Norway there's a lot more people who can and will take higher education, that means the pool of high-salary workers is much greater and there is less competition for those workers. Not only does that mean the lower salaries is justified, but it also have the consequence that those high-salary jobs is less demanding and stressful compared to nations with more competition over such employees. As an example an Engineer in Norway will generally have more time with their family compared to an Engineer in the USA. Thus it's still a beneficial situation for those on the top.
When it comes to teacher vs shopassistant salary, there is a big education difference. Shopassistants don't need any education, so the salary is lower. That's what the comparison is about. A shopassistant could be a McDonalds employee. It's the lowest of the lowest, has no requirements. A teacher job has requirements.
The point isn't who has the best economy, the point is what it's like for the people living in that country. It seems to me England has an economy good for the rich people, while they don't really care about the poor. In Norway we don't really like to have poor people. Homeless people in Norway usually has accommodation provided, but choose not to use it, unless they are nomads like the Gypsies.
Another thing he didnt talk about is that Norweigan "expert" got "free education", wait its more he even get payd to attend university! There is altso a small loan one can take, for rent, groseries and clothes when one study!
Another question is;
"Where in the world is it easiest to get rich?"
ruclips.net/video/A9UmdY0E8hU/видео.html
Education is free (for the most part) and we also need it to be to get more people into higher skilled jobs and drive innovation. He has a TED talk with statistics that show how many go from bottom poor to top rich compared to other countries. He skipped that part here.
Ford created the car? Arnt you a teacher? 😅
Perhaps an uninformed teacher
You guys know what I meant... "the car" refers to Ford... he did invent Ford and made it popular. I didn't mean he invented the first car ever. Also, yes, I am a teacher, and that has nothing to do with the context.
In any case, search for "Great horse manure crisis of 1894", I was trying to explain that story which I had heard, and the point is that the solution to that issue was the new automobile industry.
yes Norway has way better economics than britain. you have to consider that theres just 5 million people here.
The video is old, so your calculations are not really correct for today. The exchange rate was much lower at the time when the video was made.
Yes, and inflation as well!
"many spend much more in education" - education is free...
In Norway, yes, but look at student debts around the world
how does inheritance increase the GDP per capita? 🤨 inheritance wasnt invented recently, and its just reassignment of money already in the country🤨🤨🤨
norweagian education is free
minimum starting salary for a teacher in norway is in 2024 GBP 42.580,-
oh wow, maybe I should move there, lol
A Danish teacher earn around 5500 pounds a month on average.
🫣🫨 that sounds like a dream
You need too se The Kings speech from the Norwegian King.
I think the minimum wage in Norway is now at least NOK 35,000 a month. About 2513,60 British Pound.
There's no minimum wage in Norway (except in a few industries). ETA to clarify: As explained in the video, salaries are set through negotiations between labour unions and employer's associations. Companies that are not part of an employer's association, and don't have unionized employees, are free to set the wage as they like, but in practice have to follow the negotiated norm to avoid upsetting the employment market. Because of this, there's no reason for the government to set a minimum wage. (There is an exception among industries with a high number of foreign employees with limited skill demands, like the hotels and restaurants, where thee is a minimum wage in order to avoid 'social dumping'.)