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There are some pitfalls in comparing percentages like this. Net profit (or disposable income - it’s weird how different the connotations of these terms are) is
by taneq 3y ago
There are some pitfalls in comparing percentages like this. Net profit (or disposable income - it’s weird how different the connotations of these terms are) is a much better measure. Consider a farm worker who’s paid $10/day, and pays $1/day for bread and board. They move to the city where they’re paid $13/day and pay $3/day in living expenses. That’s 30% more pay but 300% higher costs. Assuming all else is equal (quality of life etc) are they better off?
- anonyfox 3y agoif finances remain equal-ish, then I'd say it depends on the individuum and exact circumstances. For example I hate living in the countryside or small village - I'd always pick the densest/urban/modern area I can afford to live, just because I crave the buzzing energy and constant novelty and stimulating options around. But other people can be the exact opposite.
- bombcar 3y agoYou can also have situations (especially in poor countries) where you go from your $10/day but able to survive if work stops, because you can just grow some food for yourself, survive on very little, etc to being absolutely dependent on a salary or social support if work fails.