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I always use the example of Japan. $1 = 109 Yen, so do people think Japan costs 1/100th of what the US does? Japan is a good example because people have an ide
by inputcoffee 9y ago
I always use the example of Japan. $1 = 109 Yen, so do people think Japan costs 1/100th of what the US does?
Japan is a good example because people have an idea that it is a rich, expensive country.
- GuiA 9y agoI don’t think anyone but the daftest people think that Japan costs 1/100th of what the US does. Living in Japan with a Japanese lifestyle is not that expensive. I have many Japanese friends living in Tokyo for under $1.5-2k a month. They’re not living in luxury, but they quite enjoy their lives, travel every once in a while, etc. You won’t be doing that in SF (and Tokyo is a much more pleasant city than SF in more ways than one). On the other hand, living an american lifestyle in Japan (big car, big house, eating lots of red meat, buying imported American goods, etc) is going to cost you a lot of money though.
- nandemo 9y agoThe point that grandparent and ohhhwell are making is, nobody says "I came to Japan and now my salary is 100x my previous salary in nominal terms (ie, before you factor in the exchange rate that eats 99% of your salary)". But for some reason people do say things like that when the currencies involved are USD/CAD/GBP/EUR. I guess it's just not as obviously "wrong". Just normalize everything to a single currency; we can still talk about differences in cost of living. Sure, exchange rate fluctuations can be related to the cost of living, but it's not everything.