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When the cost of living is high but the income of blue collar jobs are adjusted accordingly, isn't everything relative?
by themartorana 11y ago
When the cost of living is high but the income of blue collar jobs are adjusted accordingly, isn't everything relative?
- rhino369 11y agoThat's why when discussing income and things like that the Purchase Price Parity is used. The PPP for Switzerland is 1.6. So even after you convert from Francs to Dollars you have assume everything is 1.6 as expensive in Switzerland. So 2250 dollars in Switzerland roughly gets you the same purchase power as 1400 in the USA.