3 ms·
This assumes all levels of income are inflated equally, which they are not.
by reneherse 12y ago
This assumes all levels of income are inflated equally, which they are not.
- dragonwriter 12y agoNo, it doesn't. It just assumes that people can't magically take their income with them when they leave. Even if the 10th percentile income is the same as in the Bay Area in some place where the average income and cost of living is lower than the Bay Area, that doesn't mean that someone in the 10th percentile in the Bay Area can move to that location and keep their income (or any income at all.)