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But you make a lot less in the absolute terms. So you save less, you can afford less of cool stuff. Most people in the world want to move in the opposite direct
by olegkikin 9y ago
But you make a lot less in the absolute terms. So you save less, you can afford less of cool stuff. Most people in the world want to move in the opposite direction.
- antisthenes 9y agoMost people in the world are not developers and cannot change jobs or locales as easily as them.
- BeetleB 9y agoBoth ways of looking at it are problematic. The way you should look at it: Take your savings. If you suddenly could get no income, no welfare, etc: How many months/years can you maintain your current standard of living before you run out of money? Being paid more in absolute, and even saving more in absolute, doesn't guarantee a longer time till you go broke. It's the ratio of your savings to the monthly cost of living. I could move to the Bay area and get paid enough to save, say, $5K more per year than I do now, I'm still in worse shape because of the COL. Effectively, even though I'm saving more in absolute terms, I'll not be able to retire as early as I can now.