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I'm not so sure average household income would be all that useful when income inequality is high. You would have to slice and dice those numbers a bit more to
by bborud 8y ago
I'm not so sure average household income would be all that useful when income inequality is high. You would have to slice and dice those numbers a bit more to make them even vaguely representative of reality.
Besides, you have to factor in living costs.
I've looked into living cost a few times when considering working in the Bay Area and I realized that while my income would easily double, my living costs would increase a more than just a factor of two. I would have to accept a lower standard of living than I enjoy now.
I think the only way to really deal with healthcare cost is to look at whether or not we think it is a good idea that there is a huge profit margin. For patient outcomes and for society as a whole.