Alert !
This analysis is probably very flawed, and i am open to criticism. On this note I must start to analyze, the primary basis for this are the hourly wages paid to millions of blue-collar worker all over the world. For this i have chosen some developed and developing nations to show the variations … This is in addition to the average lifespan of the population of the nation.
Nation - Min. wage (in $) - Average life span - Working span(year) - Cost of life (at 8 hrs a day)
US - 5.85(per hour) 77 20-60 5.85 x 8 x 300 x40 = 561,600$
ref : http://usgovinfo.about.com/blminimumwage.htm
So the US daily wage worker can potentially make half a million at the current rate …..
India - 1.25(per day) 65 10-60 60×300x5=2,250$
So the indian labourer makes nearly 2 grand at the current rate for his whole lifetime ….
Do we go sub-Saharan … i think that the minimum will be zero …. In this very initial naive analysis, it can be safely concluded that the a developed nation blue-collared worker is worth nearly 250 times compared to his developing counter part …. We can delve further into details , but it will be a waste.
The next section of the analysis deals with the difference in the hourly wages of mankind in general. Some individuals are worth more than the GDP of under-developed nations, is there an answer to this skew. Some people are sleeping when their wealth is growing , others actually barely get to eat while working day and night…. its interesting to say the least.
