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You are missing one important factor: prices of locally rendered services will factor in the high housing costs of the service provider workers, and of service
by dexen 8y ago
You are missing one important factor:
prices of locally rendered services will factor in the high housing costs of the service provider workers, and of service establishments. I.e., all the services will be significantly more expensive just as well.
And even goods' prices will reflect the high rent costs, given that stocking & sale of good requires[1] employment of local workers, and purchase/rental of local commercial space.
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[1] even the automated, self-service stores require certain amount of human work as of now.
- utexaspunk 8y agoSo you need absolute income minus housing costs [PPP]?
- webXL 8y agoWell, it would be PPP adjusted income minus nominal housing costs then. But since housing costs factor into everything you purchase, that metric would probably only give you a sense what was being spent locally vs. spent everywhere else and/or saved.