4 ms·
Well I like the mechanics you've suggested but I'd rather basis it on some other metric which more closely maps how much surplus cash an "average person" has in
by glaucon 4y ago
Well I like the mechanics you've suggested but I'd rather basis it on some other metric which more closely maps how much surplus cash an "average person" has in country X.
- bruce511 4y agoMost people in most countries have no surplus cash. The vast majority of the people world wide (doesn't matter how rich or poor the country is) live paycheck to paycheck. Pricing isn't about surplus cash, its about value. And a product may have a different value depending on location. If something costs 1 week of wages then it can have less value than something that costs a year's wages. Conversely if you're asking me for a month's wages for something, it must have a lot of value for me to prioritise that in my earnings. That is what the original question is trying to ask - how to price according to local value versus pricing against global value. A Netflix account costs about 5 cups of coffee in the US, but about x days of labour in some countries. So a decision that is trivial for some, and life-changing for others.