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Taiwan tops South Korea in 2022 GDP per capita 1st time in nearly 2 decades

It's really weird that they have such a high GDP per capita, and yet their new university grad is basically paid around 30000 to 35000 TWD (~1k USD) a month. That rate hasn't really moved in close to 2 decades.

A university graduate means nothing in Taiwan. Their barrier of entry is extremely low, and their university acceptance rate is around 90%.

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That is why the average fresh grad salary is not much higher than their minimum wage.

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The median annual income in Taiwan is around $16.5K, and the average annual income is around $22K. This level seems reasonable for an economy of about $30K GDP per capita. Labor share of GDP (total compensation) in most developed economies is around 50-60%.

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Taiwan always had higher GDP PPP per capita. It's just that they had an undervalued currency and thus lower nominal GDP per capita.
wtf is that logic... do you think the Indian rupee is also undervalued??
 
wtf is that logic... do you think the Indian rupee is also undervalued??

No.

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