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Cost of living is determined by how much people living there are paid, not the other way around.
by username90 6y ago
Cost of living is determined by how much people living there are paid, not the other way around.
- klodolph 6y agoIt’s interconnected. You can’t claim that the relationship goes in one direction.
- dragonwriter 6y ago> Cost of living is determined by how much people living there are paid, not the other way around. Cost of living affects the supply side of labor pricing. Wages affect the demand side of cost of living. Neither is determined solely by the other, but each influences the other.