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True although prices are also not what you'd consider average in a developed country. Purchasing power parity is important too.
by danparsonson 7mo ago
True although prices are also not what you'd consider average in a developed country. Purchasing power parity is important too.
- AstroBen 7mo agoThey're not low enough to offset the low wages, though. [0] puts $2/hr at around $15k/yr purchasing power in Chicago which sounds about right. People live with families in multi-generational homes until they're married, sometimes after. Retirement plans are your kids looking after you. Prices also aren't lowered across the board - it's mostly housing and anything where labor is a major part of the cost. Cars are similar prices. Groceries, utilities and tech also. 0: https://www.paritydeals.com/ppp-calculator/ https://www.paritydeals.com/ppp-calculator/