4 ms·
US tourists spend $177B per year abroad. When they spend their money in other countries[0], they surely experience the benefit. The universal experience of Ame
by raincole 9mo ago
US tourists spend $177B per year abroad. When they spend their money in other countries[0], they surely experience the benefit.
The universal experience of Americans visiting Japan: how is such a developed place so affordable? Then they think Japan must do something exceptionally excellent. But the truth is it feels weirdly affordable because they are spending their American salary there.
[0]: https://en.wikipedia.org/wiki/World_Tourism_rankings#:~:text=Table_title:%20International%20tourism%20expenditure%20Table_content:%20header:%20%7C,%7C%202024:%20119.2%20%7C%202023:%20110.3%20%7C https://en.wikipedia.org/wiki/World_Tourism_rankings#:~:text...
- shermantanktop 9mo agoAnd they get the opposite feeling when they pay $30 for a hamburger in Zurich.
- LargoLasskhyfv 9mo ago-.^(raising eyebrow) Doesn't have to be swiss. There are enough domestic(CONUS) places where you can have the same prices, with ease.
- tim333 9mo agoWhen I visited Japan around 1983 it was the other way around - Japan was stupid expensive compared to the US or Europe. It's mostly down to investment flows moving the currencies. Back then Japan was the economic miracle dominating cars and cameras and everyone was buying in. Now Japan is in gentle decline and the hot money is all going to the US to invest in FAANG stuff.