Economic variable | USA | Poland | |
Computation of human capital and fair pay | |||
1 | Estimated indispensable monthly cost of living (four- or five-person family) | $475 | 750 zł |
2 | Period of continuous compounding (t) | 17 years | 18 years |
3 | Capital | $20,6354 | 362,328 zł |
4 | Yearly cost of labor | $16,508 | 28,986 zł |
5 | Monthly cost of labor W/12 | $1376 | 2416 zł |
6 | Legal minimum wage (176 hours × $7.25) | $1276 | 1680 zł* |
7 | Employer’s additional payments | 6.2% | 20,74% |
8 | Legal cost of labor | $1355 | 2028 zł |
9 | Percent of consistency | 98.5%* | 84% |
Family revenues and pension funds | |||
10 | Family (2 + 2 persons) | ||
11 | Earnings (2 × 1376 in the USA) | $2752 | 4832 zł |
12 | Assumed pension payment, 20% | 550 | 966 |
13 | Assumed healthcare payment, 10% | 275 | 483 |
14 | Fund for cost of living | 1926 | 3,383 |
15 | Cost of living per person (line 14: 4) | 482 | 84,575 |
16 | Years of capitalizing the pension fund (3% capitalization rate), FV—future value | 53 years | 65 years |
17 | FV (3%, 46 years) per person | $318,455 | |
18 | FV (3%, 47 years) per person | 581,898 zł |