The value of the dollar I guess. Compared to the rest of the world the US has insanely large salaries, but also seems to have insanely high costs of living. Com

The value of the dollar I guess. Compared to the rest of the world the US has insanely large salaries, but also seems to have insanely high costs of living. Comparatively for us Europeans the US is pretty outside of the price range since covid. The value of the dollar is higher than it was compared to the euro, but the exchange rate difference does not seem to be so large as to explain the difference in purchasing power.