2007-02-27 12:48:23 · 4 answers · asked by Anonymous in Social Science ➔ Economics
Because the US is more technologically advanced, which leads to lower prices relative to income <=> remember that Real Wage = Nominal Wages/Price Level.
2007-02-27 13:22:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
USA is a very rich nation in the world.
National Average Income is very high.
Major source of income by sale of Technology and Arms to thirld world countries.
Same is applicable to Group of Rich Nations (Seven excluding Russia) in the world.
2007-03-03 14:33:54 · answer #2 · answered by NQS 5 · 0⤊ 0⤋
Because they dont have a well developed economy. And in the US real wages have been stagnant for all but the rich for a long time.
2007-02-27 21:15:18 · answer #3 · answered by CHELLE BELLE 5 · 0⤊ 2⤋
Because the average US worker has more education and has access to better technology (computers, machinery and equipment, factories, etc.).
2007-02-27 20:52:27 · answer #4 · answered by Allan 6 · 0⤊ 0⤋