3 ms·
Cost of living is a much better way to compare salaries. They actually mentioned that: "Moreover, the cost of living in Finland is about 30% higher."
by valar_m 13y ago
Cost of living is a much better way to compare salaries. They actually mentioned that:
"Moreover, the cost of living in Finland is about 30% higher."
- fulafel 13y agoTheir cost-of-living link just leads to OECD stats that are used as basis of computing PPP. So the cato article makes 2 mistakes: applying the PPP normalization twice (once by using "PPP normalized income" and a second time in adding the ~30% from the "cost of living"), in addition to ignoring what you get in exchange for the taxes that lower your purchasing power.