In 2013, Gallup published a list of countries with median household income, based on a self-reported survey of approximately 1000 adults from each country.[1] Using median, rather than mean income, results in a much more accurate picture of the average income of the middle class since the data will not be skewed by gains and abnormalities in the extreme ends. The figures are in international dollars using purchasing power parity and are based on responses from at least 2,000 adults in each country, with the data aggregated from 2006 to 2012. Below is a list of the top 30 countries. The figures are before deduction of taxes and social contributions.
Top 30 nations in Median personal income
1
Norway ....................19,308
2
Sweden ...................18,632
3
Luxembourg ............18,418
4
Denmark ..................18,262
5
Finland ....................15,725
6
United States ..........15,480
7
Canada ...................15,181
8
Australia ..................15,026
9
Netherlands ............14,450
10
Germany ...............14,098
11
France ...................12,445
12
United Kingdom ....12,399
13
Austria ..................12,284
14
New Zealand ........12,147
15
South Korea .........11,350
16
Japan ....................10,840
17
Belgium .................10,189
18
Hong Kong ..............9,705
19
Slovenia ...................8,656
20
Ireland ......................8,048
I am not sure why Iceland is not listed in that list, since it has a per capita income similar to that of Denmark. It has no significant natural resources, and has made do with geothermal and large use of cement.
Economy of Iceland - Wikipedia, the free encyclopedia I suspect that Pew might have simply overlooked it.
The point is that the Nordic model of socialism is out performing our own economy in individual income by about 20%. We will need to adopt something like this to handle the jobless economy of the future.