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100% Too many people discuss salary without discussing buying power. When I did freelance work I loved picking up work from the coasts (NYC, LA, etc). They t
by P5fRxh5kUvp2th 4y ago
100%
Too many people discuss salary without discussing buying power.
When I did freelance work I loved picking up work from the coasts (NYC, LA, etc). They thought of me as cheap, I thought of them as a gravy train. Both sides benefitted from it.
100k in a rural, LCOL area probably has the buying power of 150-200k in NYC. I don't know the exact numbers, it's the idea that I'm trying to express here.
- hourago 4y ago> Too many people discuss salary without discussing buying power. In capitalism that is not important. If I have the negotiation capability to get a higher salary why should I accept a lower one just because I live cheaper?
- P5fRxh5kUvp2th 4y agoMost people would accept a lower salary to WFH, or to have flexibility in their schedule to ensure they can attend to their child's lives. The mistake "capitalists" make is thinking money is the only factor, or even the most important one. But really, that wasn't even the point. The point is your salary isn't what grants you a good life, it's buying power. And having that buying power gives you a stronger negotiating stance anyway.