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Iphones and Teslas indeed priced differently, most of the time they cost more in the places with lower purchasing power. I.e. compare cost of Iphone in Eastern
by betaby 6y ago
Iphones and Teslas indeed priced differently, most of the time they cost more in the places with lower purchasing power. I.e. compare cost of Iphone in Eastern Europe and US.
- kube-system 6y agoIt's the same thing, "COL adjustment" is just phrased from a different viewpoint. Both are simply regional adjustments for the price of a resource. That resource could be a product, or it could be labor.
- betaby 6y agoThat's kind of my point - there is no 'universally cheaper' place. However on every discussion high salaries are explained as a result of higher rent. Yet no one would apply the same logic for other things, like in Easter Europe cars are expensive - here is your car price adjusted salary.
- kube-system 6y agoTransportation costs are typically factored into COL calculations. Rent is the #1 thing people bring up because housing is by far the largest component of COL expenses for the vast majority of people on the planet.