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Remember that all of those local markets sell iPhones at a higher cost in USD than the Bay Area. Exactly which goods should they be able to buy the same amount
by lazyasciiart 3y ago
Remember that all of those local markets sell iPhones at a higher cost in USD than the Bay Area. Exactly which goods should they be able to buy the same amount of?
- marcinzm 3y agoA roof over their heads for one.
- Biganon 3y agoRent, obviously Of course a Bay Area employee needs to be paid more, their rent is insanely higher than the rent of employees in the NL
- lazyasciiart 3y agoOk. So the salary difference should be the difference between the monthly median rent: for a 1 bed apartment that’s $1500/month cost difference, double it for taxes and fuzzy math, salary increase of $36k/year. Maybe it should cover “the median rent”, whatever size unit that is, so $1500 in Amsterdam vs $4k in SF: +$60k. Or should it cover buying a 3 bedroom house, though? That’s more like an extra $8k/month for SF, so salary difference is +$190k. This kind of detail is where it falls down. Should people be able to purchase the same goods, or the same relative local position in society? https://www.ktvu.com/news/in-bay-area-0-of-homes-were-cheaper-to-buy-than-rent-study-says https://www.ktvu.com/news/in-bay-area-0-of-homes-were-cheape...
- intothemild 3y ago> Remember that all of those local markets sell iPhones at a higher cost in USD than the Bay Area. You're literally arguing that every area has different economics. But also failing to also understand that every area has different economics. iPhones don't keep you warm at night.
- lazyasciiart 3y agoI’m literally not.