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If you calculated the equivalent income by converting dollars to pounds, that isn't a good measure of equivalence. £61k is a huge salary, especially outside Lon
by guitarbill 8y ago
If you calculated the equivalent income by converting dollars to pounds, that isn't a good measure of equivalence. £61k is a huge salary, especially outside London. It's even high for a programmer 5 years in. Whereas there are plenty of roles that pay $80k, and it would be insulting for most programmers out of uni.
- desertrider12 8y agoYou're right, using the PPP to GDP ratio says the pound has 1.11x the purchasing power of an equivalent amount of dollars. (equivalent meaning by foreign exchange rates)