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> So saying a haircut costs $50 in a big city now The cheapest haircut I had was 1$ in Colombo, Sri Lanka on the street. It was actually pretty decent. You can
by chewz 5y ago
> So saying a haircut costs $50 in a big city now
The cheapest haircut I had was 1$ in Colombo, Sri Lanka on the street. It was actually pretty decent. You can get a haircut for 3-4$ on the street in some countries in SE Asia.
Also in countries with less sophisticated labour market there is a lot more barbers offering haircut and less Apple Stores.
Which makes calculations like yours very assumptions dependent.
New York is comparable size to Rome (only in 1974 amount of water used by the NY equaled amount of water delivered to Rome by aqueducts) but I think New York has different labour market dynamics. Just think of slaves and plebs on the dole in Rome. Also you have cars and public transport in NY, which affects labour market.
- kamaal 5y ago>>You can get a haircut for 3-4$ on the street in some countries in SE Asia. You get one in Bangalore for $2.5, but it means nothing when you measure it in $ terms, people don't exactly earn in dollars in India. They earn in rupees. Arguably its pretty much the same(in terms of affordability) when you look it from that perspective.
- JonnyB 5y agoI happend to make bricks in Sri Lanka, if I'd get 50$ for 4 bricks, I'd rent an apartment in Manhattan with my salary :-)