Your Hard Worth - Prices and Earnings
Swiss workers earn the most. Zurich and Geneva top the rankings in our international comparison of wages. By contrast, the average employee in Delhi, Manila, Jakarta and Mumbai earns less than one-fifteenth of that amount. Workers in the US earn at the higher end of bracket with people in New York earning an average salary of $19 per hour, while those in Los Angeles get $13.90 per hour. Workers in London receive an average net wage of $13.90 per hour.
In terms of the gross hourly wages, workers in Western Europe and North America have the highest gross hourly wages averaging at $20.2 and $21.0 respectively, the survey said. Every three years, UBS economists publish Prices and earnings report, which is a global review of the prices of goods and services, wages, payroll taxes, working hours and purchasing power in 73 cities on every continent.
The survey also pointed out that earnings do not just differ from country to country but also vary between employers within a single city.However, the earnings gap between public and private-sector jobs is particularly stark in emerging and developing countries, it added
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