Yes, it is true that lots of economic students can not earn any money at all.
You know the concept does not mean that you can master it or even use it. However, I think it is better to know some concepts which could give you a basic to practice in the real world.
Money is so powerful , but how is wealth determined the world?
Economy consists of all the activities of human life. Basically, no matter what you do, you are participate in the economy. It is kind of funny to compare the salaries between countries, becasue salaries in different countries are paid in different currencies.
So here is the exchange rates, set by the country and the world around. Even through, we could not compare them after the exchange rate, because the prize chaging between countries and cities, so a better salary does not mean a better life.
The Purchasing Power is what really matters.
Money does not mean anything, In North Korea, they earn much less than lots of countries. But it does not mean their life are more miserable than some richer countries. Because there are too many countries richer than them.
However, because the globalization, this situation is starting to changing.
Lots of questions come out. That is why you always feel someone came from the third world steal your job. Do not forget, you are buying thegoods with their prices.
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