Average Salary in Norway

[Skell18]

Hi all, I have just found this conversation on net, and I decided to register to be able to give you a first hand information as I am norwegian

So! Yes, salaries doubled from 1999 to 2012. Why? Easy. Oil! ... As the price of oil increased Norway got richer nad richer. Now the average net salary is around 30-35.000 NOK/month, people live on very high standard, no homeless, and unemployment rate is under 3%. Technically everyone has job! The economic crisis made oil prices very high which made Norway very rich! BUT!!!! All rices are very high. In Oslo downtown a flat costs about like in Manhattan! Food, beverages, services, everything is very expensive, if you go out to have some dinner it costs about 60-70 USD per person. Cars are about 3 times more expensive than in USA. One gallon of fuel is around 60 NOK, 11 USD!!
This is the reason why we norwegians love to spend our money in abroad like USA... it is very cheap for us...

Yet petrol is still cheaper in Norway than here in the UK!

[norwegian77]

Hi all, I have just found this conversation on net, and I decided to register to be able to give you a first hand information as I am norwegian

So! Yes, salaries doubled from 1999 to 2012. Why? Easy. Oil! ... As the price of oil increased Norway got richer nad richer. Now the average net salary is around 30-35.000 NOK/month, people live on very high standard, no homeless, and unemployment rate is under 3%. Technically everyone has job! The economic crisis made oil prices very high which made Norway very rich! BUT!!!! All rices are very high. In Oslo downtown a flat costs about like in Manhattan! Food, beverages, services, everything is very expensive, if you go out to have some dinner it costs about 60-70 USD per person. Cars are about 3 times more expensive than in USA. One gallon of fuel is around 60 NOK, 11 USD!!
This is the reason why we norwegians love to spend our money in abroad like USA... it is very cheap for us...

[sgreger1]

It's simple...... It's the math


http://www.axa-equitable.com/retirem...y-and-you.html

The Social Security fund consists of Government I.O.U.s

Current retirement benefits are paid out of incoming fees paid by people who are starting out in the job market.Robbing Peter's son to pay Paul
The system is not sustainable.


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I understand that the current model we use is not sustainable, especially since the 1979 laws that figure in an increasing pay out that grows as time moves forward. I wasn't making a comment regarding the solvency of the curent system, I was just saying that SS was asked for by the people and therefore we recieved it. Without social security or some other retirement benefits program, seniors are left out to dry. For example, todays aging baby boomers who are about to retire have almost no savings as it has been repeatedly wiped out multiple times during the various recessions of the last 50 years.


What i'm saying is that we still need a retirement benefits program of some kind, preferably one that isn't in such dire straights as SS currently is. We need to either raise taxes, cut benefits, or find a new source of revenue to pay for these things. We can not simply rely on charity to keep our seniors alive, as social security slowly becomes bankrupt we are going to see an influx of broke seniors and I don't think charity is going to cut it.


Even worse is that a huge percentage of the youth demographic is unemployed right now and will be for years to come, so none of them are paying into SS. We are losing a good 5+ years of SS revenue due to this and that is not a good thing.

Truthfully, the whole SS plan wasn't that well thought out, it was built on the assumption that everything would continue as normal and that there would never be any economic collapses or change in the birth rate.

[precious007]

Dip all day, smell cow farts and definately not eath healthy you mean?

lmaoo

it really depends, eating healthy is yet another choice everyone has.

Not one has pushed you to eat all the junk food that's being sold in supermarkets these days ;-)

I was saying that basically a farmer can grow his own food, veggies, animals and so on and eat healthier

[justintempler]

I don't claim to be all knowing so perhaps you would care to educate me on what specifically you are refering to here.

It's simple...... It's the math

When Social Security was established in 1935, the average life span among Americans was 63. Today the average life span is more than 77 years, according to the National Center for Health Statistics.
In 1950, 16.5 workers paid retirement benefits for each retiree. By the year 2030, when baby boomers begin leaving the workforce in large numbers, the ratio may be approaching two workers to every one retiree.*
By then, the burden of taxes on each worker may well be unmanageable.
As baby boomers begin to retire, the strain on Social Security is expected to increase, since retirees will, for the first time, begin outnumbering current workers. This aging of the population has led some experts to predict that by 2040 the Social Security system may may run out of funds.*
Does all of this mean you will have no Social Security to draw upon when you retire?
*Source: Social Security Administration, 2010.

http://www.axa-equitable.com/retirem...y-and-you.html

The Social Security fund consists of Government I.O.U.s

Current retirement benefits are paid out of incoming fees paid by people who are starting out in the job market.Robbing Peter's son to pay Paul
The system is not sustainable.

[sgreger1]

cowboys are cool

they get to dip all day, breathe fresh air and eat healthy ;-)

Dip all day, smell cow farts and definately not eath healthy you mean?

[precious007]

in this country we call them cowboys.

cowboys are cool

they get to dip all day, breathe fresh air and eat healthy ;-)

[Premium Parrots]

lmao

wtf are cow workers anyways

in this country we call them cowboys.

[precious007]

Thanks Parrots, lol

My grammar/spelling sucks because I barely made it out of public school. My high school counselor advised me not pursue college but to pick up a trade like ditch digger.

lmao

wtf are cow workers anyways

[truthwolf1]

Cow-workers don't drive cars they ride horses. And they sleep either under the stars or in tents, not in new houses.


just saying

Thanks Parrots, lol

My grammar/spelling sucks because I barely made it out of public school. My high school counselor advised me not pursue college but to pick up a trade like ditch digger.

[Premium Parrots]

That and hypothetically they also make better work slaves because of having a family to provide for and house/car payments.

Presidents of companies I believe secretly love seeing pictures of cow-workers families and them driving new cars, buying their first home etc..

Then they know they have that worker by the balls!!!

Cow-workers don't drive cars they ride horses. And they sleep either under the stars or in tents, not in new houses.


just saying

[precious007]

Then they know they have that worker by the balls!!!

100% Agree

but sadly that's how this world works for thousands of years.

Someone has to be the Daddy... and the others have to be the rats

[truthwolf1]

this is happening pretty much all over the world.

The elder are always preferred over the youth, simply because they have more experience in any given field.

That and hypothetically they also make better work slaves because of having a family to provide for and house/car payments.

Presidents of companies I believe secretly love seeing pictures of co-workers families and them driving new cars, buying their first home etc..

Then they know they have that worker by the balls!!!

[precious007]

Additionally, social security allowed the means for the elderly to retire and leave the work force, leaving behind jobs that could be filled by the younger workers. Today older people are working longer due to financial hardship, so we have a problem where young people can not get jobs since the older generation is not retiring. This problem was DRASTICALLY worse prior to social security:

this is happening pretty much all over the world.

The elder are always preferred over the youth, simply because they have more experience in any given field.

[sgreger1]

I'll forgive you because you actually believe the crap that's been fed you. You should actually spend some time to learn about the history of SS, who it was meant to cover, and what the life expectancy of it's recipients of it's intended recipients were at the time.

I don't claim to be all knowing so perhaps you would care to educate me on what specifically you are refering to here.

Because the way I read it was that: "Prior to Social Security, over 75 percent of the nation's senior citizens lived in poverty."

I will point you to the following study: "Social Security and Poverty Among the Elderly,"

The study found that in 1997, nearly half of all elderly people — 47.6 percent — had incomes below the poverty line before receipt of Social Security benefits. After receiving Social Security benefits, only 11.9 percent remained poor.

As a result, the study said, Social Security raised out of poverty more than one in every three elderly Americans. The program lifted 11.4 million elderly people above the poverty line.

Without Social Security, the study found, 15.3 million elderly had incomes below the poverty line. After Social Security, only 3.8 million elderly did. Three-fourths of those elderly people who would have been poor without Social Security were lifted from poverty by it.

The study also found that Social Security has a much larger effect in reducing elderly poverty than all other government programs combined. Of the 12.9 million elderly people lifted from poverty by the full array of government benefit programs, 11.4 million — nearly 90 percent — are lifted out by Social Security.

Additionally, social security allowed the means for the elderly to retire and leave the work force, leaving behind jobs that could be filled by the younger workers. Today older people are working longer due to financial hardship, so we have a problem where young people can not get jobs since the older generation is not retiring. This problem was DRASTICALLY worse prior to social security:

Before the creation of Social Security, some Americans had private or state pensions, but most supported themselves into old age by working. The 1930 census, for example, found 58 percent of men over 65 still in the workforce; in contrast, by 2002, the figure was 18 percent.

So by what metric are you claiming that SS has in some way damaged anything?



In regards to this comment:

and what the life expectancy of it's recipients of it's intended recipients were at the time.

I have seen this argument before but it doesn't seem to hold water, for the following reasons:

If we look at life expectancy statistics from the 1930s we might come to the conclusion that the Social Security program was designed in such a way that people would work for many years paying in taxes, but would not live long enough to collect benefits. Life expectancy at birth in 1930 was indeed only 58 for men and 62 for women, and the retirement age was 65. But life expectancy at birth in the early decades of the 20th century was low due mainly to high infant mortality, and someone who died as a child would never have worked and paid into Social Security. A more appropriate measure is probably life expectancy after attainment of adulthood.

As Table 1 shows, the majority of Americans who made it to adulthood could expect to live to 65, and those who did live to 65 could look forward to collecting benefits for many years into the future. So we can observe that for men, for example, almost 54% of the them could expect to live to age 65 if they survived to age 21, and men who attained age 65 could expect to collect Social Security benefits for almost 13 years (and the numbers are even higher for women).

Average life expectancy has rose by only about 5 years since 1940, so not really seeing a huge problem here. Perhaps I am missing something?

http://www.ssa.gov/history/lifeexpect.html