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>and if you figure in the cost of living in NYC you're probably making less. This is hardly that simple. Lower cost of living means lower wages. That will be
by loewenskind 16y ago
>and if you figure in the cost of living in NYC you're probably making less.
This is hardly that simple. Lower cost of living means lower wages. That will be a wash with cost-of-living type products and services but not with, for lack of a better word, "international priced" items [1].
I don't understand why so many people in the self proclaimed capitalist hub of the world believe things like living in a lower cost of living area means you have more money.
[1] A closer word might be "luxury" items but it's hard to call something a luxury item that people of literally all classes have (e.g. an iPhone).
- natrius 16y ago> Lower cost of living means [proportionally] lower wages. That is a false assumption. http://swz.salary.com/CostOfLivingWizard/LayoutScripts/Coll_Start.aspx http://swz.salary.com/CostOfLivingWizard/LayoutScripts/Coll_...
- loewenskind 16y agoThe greater the market efficiency, the more this will be the case.