Steemit vs. global wage gap [en]
Source: https://cointelegraph.com/news/steemit-uses-community-event-to-reach-out-to-africa
Have you ever thought about Steemit, globalization and income distribution?
No? Me neither - until today. Think about it. Especially this aspect of Steemit is awesome!
The salary difference worldwide is still considerable. Traditional goods and the prevailing economic policy will probably not have a positive effect on the global wage gap.
In the age of Data, digital goods such as Steemit blog posts can accomplish what traditional goods are not able to do.
Steemits payouts are not subject to national adjustment. The payout algorithm does not differentiate whether a user comes from Europe, Asia or Africa. That's remarkable!
Average monthly income around the world (shortened)
| Rank | Country | Average income monthly |
|---|---|---|
| 1 | Monaco | 15,507 $ |
| 8 | United States | 4,738 $ |
| 14 | Netherlands | 3,884 $ |
| 17 | Germany | 3,662 $ |
| 18 | Canada | 3,657 $ |
| 19 | Hong Kong | 3,578 $ |
| 23 | New Zealand | 3,220 $ |
| 24 | Japan | 3,167 $ |
| 29 | Saudi Arabia | 1,810 $ |
| 38 | Argentina | 998 $ |
| 39 | Turkey | 936 $ |
| 40 | Costa Rica | 903 $ |
| 41 | Malaysia | 822 $ |
| 42 | Russia | 810 $ |
| 44 | Mexico | 753 $ |
| 45 | Brazil | 737 $ |
| 53 | Thailand | 470 $ |
| 67 | Vietnam | 172 $ |
| 68 | Syria | 153 $ |
| 69 | India | 139 $ |
| 74 | Nepal | 61 $ |
| 75 | Ethiopia | 55 $ |
| 76 | Afghanistan | 48 $ |
| 78 | Madagascar | 33 $ |
Source: https://www.worlddata.info/average-income.php
It is difficult to generate a monthly income of $4,738 (USA) with Steemit but $33 (Madagascar) are reachable. For countries like Thailand, Vietnam and India, the writing of Steemit blogs is a potential profession (Internet assumed). With the necessary ambition it is even possible to increase the standard of living, and this only because Steemit does not differentiate between the origin of the users. The income compensation provided by Steemit, for example between the USA and Vietnam, is 2.755%.
Steemit vs. Global wage gap. What do you think about the topic?
I think it’s a very exciting topic! The main thing people need to do is to develop a network of likeminded people - who love what they write and post about - and then comment and upvote their posts as well. And they will create a strong and powerful steem network together.
Powerful!
A network of like-minded individuals is certainly necessary to achieve a steady income.
I personally think that the contrast is more interesting. On my first month on Steemit I discovered two postings (intoduceyourself) of african guys with the intent to report from their daily lives. I was fascinated by this and therefore I see great value here as well.
Unfortunately, I am still waiting for their contributions.
Yes it will be very interesting to see over time how the network will grow.
I do believe the growth of steem and the growth of Facebook cannot be compared. As in the beginning of Facebook you could only join if someone invited you. With steem, people join believing they will make money - and then they don’t make quick progress - and quit. So it will be up and down on the platform of steem in the beginning
I can only agree with you in everything you have written so far. I would be happy if Steemit reaches a greater scope. For me it's just great to see people being rewarded for their hobbies (sometimes a lot of work).
I am on Steemit since January and from my point of view, the content has improved considerably.
Facebook does not offers additional value for me. I turned my back on the network 3 years ago.
I think it is interesting when new users (like you) report on their experiences and opinions on the network after a few months. Maybe you feel like it!
Yes I should definitely write about my experience with steem and crypto soon. Perhaps create a video of it