I haven't seen this in practice. What I have seen is that reduction in commute and rent costs being factored in straight away. See the chap below: "While wages

I haven't seen this in practice. What I have seen is that reduction in commute and rent costs being factored in straight away. See the chap below: "While wages are 10-15%~ lower here than in London, the low cost of living more than makes up for it." - how kind.