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From the worker's prospective low cost of living doesn't work out if you have other debts. Your student loans are in raw dollars and saving 20% on 80k is paying
by lordCarbonFiber 9y ago
From the worker's prospective low cost of living doesn't work out if you have other debts. Your student loans are in raw dollars and saving 20% on 80k is paying them off at a slower rate than saving 10% on 200k. Not to mention if you're targeting raises at % year over year the lower your base salary the worse your future comp is tied to.
This means companies can't get the critical mass of talent required to make the investment worth it; so they don't bother.
- guywaffle 9y agoOr if a person likes to travel. Just because the area a person works/lives is relatively cheap doesn’t mean the hotel in Paris or the flight to Hawaii is any cheaper.
- lordCarbonFiber 9y agoThat's an insidious trap; the low cost of living means you're less likely to see the world and more likely to blindly accept your surroundings as good. I think I understand more how so many people look at the coastal cities and wonder why people want to live here.