Aussie Professional Success Stories

[DR OSMAN]

@Roorigeg add to the equation you pay 200k for your degrees, we pay 25k. When we repay our loan it's interest free becuz the govt paid for it, not for you however. Now your salary will adjust when u take out your repayments for school not to mention your health insurance and health-care costs, your 'salary' doesn't equate many cost of living factors for your people. I am researching disposable income between australia and america after all the factors are considered.

 

[DR OSMAN]

Australia's GDP per capita is currently nearly 80 per cent of that of the US, having risen from around 75 per cent in the mid-1980s. ... Over this period, Australia's GDP per hour worked has been mostly between 75 and 85 per cent of that of the US

See @Roorigeg we work only 75% of the US average. Plus look at booming mining years around 2010-2015. We were beating America GDP per capita, while working less.

 

[DR OSMAN]

@Roorigeg we don't work long hours either. If we look at many variables like hours worked per GDP, u will see if we worked as long as u cunts, we wud be higher then you guys. Plus we essentially work 10 months and no-one works beyond 8 hours maximum

if Australia’s labour productivity had been the same as that of the US in 2002, other things being equal, Australia’s GDP per capita would have been about $7,900 higher.

If u see when the mining industry was booming they were working long hours like americans and u will see how our GDP kicked america's ass.

 

[Man with a garuun]

@Roorigeg add to the equation you pay 200k for your degrees, we pay 25k. When we repay our loan it's interest free becuz the govt paid for it, not for you however. Now your salary will adjust when u take out your repayments for school not to mention your health insurance and health-care costs, your 'salary' doesn't equate many cost of living factors for your people. I am researching disposable income between australia and america after all the factors are considered.

Let me stop you here. It is some elite schools that charge $200K for medical and law degrees. But in main stream schools, the cost is between $10,000 - 16,000 a year in major institutions. The 2-year colleges roughly charge $5000 per year.

The federal and state govts provide grants, so if a student has family support, he can use the grants to pay for two-year colleges while he or she stays with his or her family. If they want to move out of the home, they have to work part-time and cover their residence costs. If their parents would support them, that is even better. At the end, unless one is going for those elite schools, they can graduate with their baccalaureate degree while having 0 debt.

Source: https://educationdata.org/how-do-people-pay-for-college

• How to Pay for College​

  
  College financial aid offices help students determine how they will pay for school. Because schools expect students to need financial help to pay for college, most schools offer free financial counseling services for current and prospective students.
  
  • 84% of students receive some form of financial aid.
  • Scholarships and grants cover $7,500 of annual academic costs per student.
  • For federal and state government aid, the average award per student is $13,100.
  • Students who attend nonprofit private schools receive the most federal and state government aid.
  • Parental support accounts for the greatest financial contribution to most students’ educations.
  • Parental income and savings, parental borrowing, and college savings accounts cover over half of students’ educational expenses.
  • Excluding college savings plans, $11,900 is roughly how much parents pay for one academic year of their children’s education.
  • Long-term, high-yield savings accounts and property mortgages are common strategies parents use to pay for college education.

When they're going for graduate degree, they can first find a job, and after 1 year of employment, they qualify for up to $5,000 of tuition re-reimbursement. They continue their studies while working, and when they graduate, they have 0 debt. '

For parents, By law, the IRS (Internal Revenue Service) allows you to deduct up whatever money you spend on paying off your children's tuition.

The ACA (Affordable Care ACT), passed during the Obama presidency, allows parents to add their children to their healthcare up to the age of 26. This has allowed many kids to spend their paychecks paying off student debt while they remain on their parents' healthcare.

Bottom line, if the student manages to maintain good grades, the $7500 grants and scholarships from schools, plus the $13,100 federal and state grants, should help students to pay off debt in addition to covering their residential and food costs.

But if the student is a bum who spends his or her time partying, then he is not gonna get the good grades that he needs in order to continue getting those scholarships. However, the federal and state grants will be there provided he (or she) is not from a rich household.

 

[Jaydaan]

The Aussies are not taking well being exposed and has resorted to videos of successful individuals to argue this is us. Like other Somali communities don’t have a single lawyer or doctor lool

 

[Man with a garuun]

@Roorigeg our social safety system doesn't depend on if u worked or didn't, it's universal and u can be unemployed for life and still access it and switch to age pension. Your age pension depends on your salary and working history loooooooooool.

Let me stop you here. If you're poor in America, there are programs designed to help you. You have access to cash and food stamps. If you're over 65 or disabled, you get SSI benefits, which is at minimum $841 per month for single, and $1,261 for an eligible individual with an eligible spouse. (Source: https://www.ssa.gov/oact/cola/SSI.html.)

If you worked before and made the 40 credits or 10 years employment, you get it much higher than that, the lowest being $1100. This is the federal govt provided pension.

Your 401k is employee contributions, our 401k is mandatory employer contribution, they add a minimum of 10% on top of your salary into your retirement nest egg some even up to 16% if u work for government. Your welfare is time restricted too, where-as ours is indefinite and only stops if you get a job, no-one will tell u you only have 12 months before it's expired like your system.

There is no time limit for welfare. Some states limit the cash payments to some able bodies, but the food stamp payments, SSI, and low-income housing, there is no time limit as far as I know.

The 401k, Roth IRA, or state and city-privided pensions are additional pensions in addition to Social Benefits. So any working American usually have at least 2 pensions to tap into: 1) Social Security Benefits; 2) 401K or Roth IRA, or state or city-provided pension (usually state and city employees get this pension).

As u said your holiday leave is no match to ours. Ours is mandatory 4 weeks a year, but some professional industry provide 6 weeks, but I am talking what's mandatory.

We get paid on public holidays which is 14 days through-out the year. 2 weeks sick allowance is bare minimum, even tho most professional organisation provide 3-4 weeks. We also have paid paternity and maternity leave for 12 months, do u waryaa? of course not.

Per average, every employee in America gets 2 weeks of vacation and 2 weeks of sick leave. If you're able body and don't get sick, you can use the 4 weeks for vacation. However, the longer you work with a company, you tend to earn more vacations days. I worked for a company for 9 years. When I left them, I had 4 weeks of vacation days and 2 weeks of sick leave.

I'm currently doing subcontracting, so I manage my vacations. I've calculated it into my salary, so I plan to take at least 2 months of time-off in a year.

You see in Murica, we don't live in a socialist system. Our system is flexible, but needs improvements provided we can defeat Republicans who are obstacle to many social programs. But still, we're functioning capitalist economy, and welfare state isn't a solution. If you're an able body, want to work hard, and earn more money, there are no limitations that you face in America.

We also pay our students 1k a month in study payments while their at school and they can work on top of that also. Your healthcare isn't universal, it's similar to our dental system, we give it to only low income people free but I never boast about that since it's not universal for all income brackets. Your healthcare majority have to pay their own way with private insurance and your surgeries-specialists-testing-doctors-medicine are so over-priced.

Do u think we don't have your big ass americans in australia praising our system of healthcare

I've already responded to the school tuition in my previous comment before this one.

 

[Man with a garuun]

The Aussies are not taking well being exposed and has resorted to videos of successful individuals to argue this is us. Like other Somali communities don’t have a single lawyer or doctor lool

 

[Man with a garuun]

Waryaa @Roorigeg look at this honest assessment

Average annual salary: $54,401 (£40,083)

Australia, the land of koalas, the great barrier reef, and the famous Sydney opera house, is an expensive country with salaries averaging over $54,000, even for non-skilled jobs. The nation has a bustling tourism industry, well-developed financial services, steel and industrial equipment and mining. Australia also has quite stringent immigration rules and only accepts skilled workers into the country.

U see even unskilled markets get paid high, this is the factor I was using to show you that your blue collar industries pay minimum wage only your white collar industries pay high. So you have an un-even market place, where-as that's not the case in Australia.

Source:

https://worldpopulationreview.com/country-rankings/median-income-by-country

United States
Median Income: $19,306
Mean Income: $25,332
GDP Per Capita (PPP): $65,297
2021 Population: 332,915,073

Australia
Median Income: $17,076
Mean Income: $21,329
GDP Per Capita (PPP): $53,381
2021 Population: 25,788,215

Looking at both median income and mean income, all I see America slighly a few thousand dollars ahead of Australia. Keep in mind America spends trillions of USD on defense. If that wasn't the case, the median and mean income would've been far higher and social spending would've been much higher.

Average annual salary: $65,836 (£48,500)

The United States’ economy is highly developed and diverse. The country is self-sufficient in many areas and plays a significant role on the international scene in numerous sectors. The one advantage of the US is its immigration system which attracts the best from all other nations, resulting in excellence in many work-related areas. There is a reason why some people trek through an entire continent just for the chance of getting into the world’s largest economy. The country is immense, and for those who work hard, the American dream is still possible.

The country excels in various fields, including aerospace, engineering, mining, automobile manufacturing, farming and more. Jobs are relatively easy to find in the US, provided one is an American citizen or has the appropriate work visa.

The other thing to note with our economy, we don't work 2 months of the year and it's all paid for thru either holiday-sick allowance-public holidays so essentially if we did work as long as america we would have a highr wage.

The other thing we need to note about our industries we GET PAID TIME N HALF for night work and double pay for week-end or public holiday work. Something that doesn't exist in your america. I mean I showed u waryaa a lebanese brick-layer owning a mansion, where in the world do u see bricklayers owning mansions?

I've already discussed the pensions and PTO (Paid time off) in the previous comment.

 

[Man with a garuun]

@DR OSMAN, good talk to you bro. That has been a good, informative thread.

 

[DR OSMAN]

@Roorigeg Check Australia GDP per capita from 2010-2016. We were performing much higher untill the climate change crew started affecting our natural resource economy, plus our beef with china has resulted in china not buying as much from our iron ore industry.

The other thing is the huge wide gap between your rich n poor

But there is a considerable gap between the richest and poorest – the top 20% of the population earn nearly nine times as much as the bottom 20%.

So this indicates most of your wealth is concentrated at the top bracket, where-as it's spread evenly in Australia. I stand by Australia is better for low and middle income people irrespective of blue collar or white collar industry.

 

[DR OSMAN]

@Roorigeg A lebanese brick-layer, a cleaner, a factory worker can own a mansion in Australia, so the income inequality is non-existant but u cannot say the same for America unskilled market place.

 

[DR OSMAN]

@Roorigeg I also recognize america has social safety net but it is so complex and so many conditions tied to it, it cannot be deemed universal. Australia is simple social safety system because it's universal.

The only thing not universal here is is dental program, even tho low income ppl can access it. Where-as your america social safety system is similar to our dental program, it's not universal and only geared towards low income. When I say universal all income brackets can access the govt service not just the bottom end.

 

[DR OSMAN]

@Roorigeg no conditions or strings attached to our unemployment, disability, or age pension. Our 401k is simple, employers add 10% margin on top of your salary, employees can co-contribute but it's not mandatory.

Our companies are forced to take care of us in our senior years and the great thing is, once u have exhausted your retirement saving, you switch to universal age pension at 65. Where-as your program is linked to you paying for your own 401k and govt matching it. We have that system also where for each dollar u add to your retirement, govt matches it. But this doesn't mean our companies don't contribute also. If your on 100k salary, 10% is added by the company to your retirement saving, so your package is 110k, then if u add more, govt matches u for every dollar. Say u add another 5k into retirement, then govt adds 5k on top to match your contribution. This means for that year your retirement saving is 20k

 

[DR OSMAN]

@Periplus it's good their moving these ppl to proper homes in the suburbs. These towers should only be for singles not families.


But they're is alot of abuse on social housing, lots work while living in these towers and pay reduced rents. The difference they save up is what gets them to buy homes in Somalia.

This is something that isn't afforded to @Roorigeg even our projects is far nicer n cleaner then his horrendous towers. See they getting two storey homes our social housing.

 

[Man with a garuun]

@Roorigeg no conditions or strings attached to our unemployment, disability, or age pension. Our 401k is simple, employers add 10% margin on top of your salary, employees can co-contribute but it's not mandatory.

Our companies are forced to take care of us in our senior years and the great thing is, once u have exhausted your retirement saving, you switch to universal age pension at 65. Where-as your program is linked to you paying for your own 401k and govt matching it. We have that system also where for each dollar u add to your retirement, govt matches it. But this doesn't mean our companies don't contribute also. If your on 100k salary, 10% is added by the company to your retirement saving, so your package is 110k, then if u add more, govt matches u for every dollar. Say u add another 5k into retirement, then govt adds 5k on top to match your contribution. This means for that year your retirement saving is 20k

Company in the US are required to add 6.75% of your salary towards your social security benefits. You can tap into this money if you get laid off or when you hit 65 years of age (soon to be 67). So they do their part to contribute towards your social security benefits, which is the govt-provided pension.

The 401k/Roth IRA/state and city-provided pension is on the top of that. It is an additional pension that is set aside for your retirement.

 

[Man with a garuun]

@Periplus it's good their moving these ppl to proper homes in the suburbs. These towers should only be for singles not families.


But they're is alot of abuse on social housing, lots work while living in these towers and pay reduced rents. The difference they save up is what gets them to buy homes in Somalia.

This is something that isn't afforded to @Roorigeg even our projects is far nicer n cleaner then his horrendous towers. See they getting two storey homes our social housing.

Bro, there are programs in America that help poor people to move out of the overcrowded and debilitating neighborhoods. I've already shown the Section 8 Voucher program. Many Somalis and other poor Americans take advantage of that. My family and in-laws have properties which we rent out to Somalis and African Americans who have the Section 8 vouchers. And these aren't in buildings; these are individual homes. The federal government pays majority of the bill (roughly 70%) and the tenant pays 30% of their income towards the rent.

 

[Man with a garuun]

@Roorigeg I also recognize america has social safety net but it is so complex and so many conditions tied to it, it cannot be deemed universal. Australia is simple social safety system because it's universal.

The only thing not universal here is is dental program, even tho low income ppl can access it. Where-as your america social safety system is similar to our dental program, it's not universal and only geared towards low income. When I say universal all income brackets can access the govt service not just the bottom end.

In America, the low-income people who have Medicaid, the federal and state funded healthcare for low-income people, have access to medical, dental, and vision. The rest of us pay for our private health insurance plans that cover dental, vision, and medical.

But I agree America's private healthcare is far costly to average worker than the Australian one. Before Obamacare was passed, the health insurers used to deny to pay the bills for pre-existing conditions. The Obamacare stopped by applying fines to any private insurer who denies covering those services. However, we still have to pay copay for every visit, deductibles, and con-insurance. It is a costly programs, but you can set aside a portion of your income for covering those costs on pre-tax basis in programs known as flexible or health saving accounts. You can then use that money to cover those bills.

 

[DR OSMAN]

@Roorigeg This is considered the worst ghetto in Australia, mt druitt. Look at this abbo n Sudo, they are so big and his crime is 'intoxication crime' loooooool, wallahi these guys wud be eaten alive in american hoods.

 

[DR OSMAN]

@Roorigeg Australia definition of ghetto is nothing like the terms used in America. Australia if they see a bunch of abbos n blacks drinking in a group, that's called an 'ethnic gang' looooooool. As I told u the standard in australia is FAR higher then what u wud find in America

 

[DR OSMAN]

@Roorigeg In my town they already bulldozed those low-income estates. Now the policy is to mix different income groups, 20% of all new apartments or new suburbs have to be designated affordable housing. This means low income ppl will have neighbors who are not social housing. But then again our 'existing projects' in comparison to america is vastly different.

Infact they copied the american model in the 60s and now seen the problems with it. Now the towers are reaching their end of life, they will be knocked down. U know Australia has an 'end of life' for buildings? the building standards are much more strigent here. That's why everything is constantly 'new' becuz of the building standards applied.