“The unthinkable happened in France!”
I never dreamed that my salary would quadruple.
This is a fantastic opportunity!”
he says.
“When I return to Paris from America
I feel like I’m super rich.
When I go out to eat with friends, I pay the bill.
“That’s the equivalent of a meal for two in New York.”
•
Another Elias Chedid in 2017
When I moved to San Francisco, California
Compared to the salary earned in France
I was very happy to receive double my salary.
This young student graduated from HEC Business School and is a mathematician.
“I accepted the offer of $85,000.”
I thought it was good. “I actually accepted the offer.”
He said.
Over the years, this data scientist has
I changed jobs and moved to New York.
Currently, almost a year including bonus shares.
He earns $400,000.
In the end, all of these reasons are compared to the United States
This is because the French and European economies have suffered a major setback.
Takeoff’
Americans are becoming wealthier.
According to data from the International Monetary Fund (IMF):
The gross domestic product (GDP) per capita in 2016 was
France $38,350;
The United States at $58,180
There was a gap of 50%.
In 2023, this figure will be
$47,360 and
increased to $85,370
“It is expected that there will be a huge gap of 80%.”
A better way to measure living standards
Adjusted by Purchasing Power Parity (PPP)
This figure shows that the gap is from 30% to 40%.
It shows that there has been a sharp increase.
(part omitted)
“The numbers are dizzying.”
Starting with Microsoft ($3 trillion)
The unimaginable size of the market capitalization cannot be denied.
Apple’s revenue in 2023 will be $94 billion;
Microsoft $72 billion;
Alphabet $61 billion;
Exxon Mobil and JP Morgan $55 billion;
Meta stands at $40 billion.
“Europeans can’t afford America anymore.”