Re:The Loneliness Epidemic
by filoleg on Thursday July 18, 2019 @04:27PM
(#20473633)
Everything is relative in the context, so your global stats aren't especially helpful. 34k USD a year can lend you either an extremely comfy king-like life in Thailand or poverty level existence in San Francisco. Saying to someone from the latter situation that they are in ~0.88% richest people on the planet is neither helpful nor relevant.
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That "comfy existence" in Thailand is also relative, you get to live in a house with air conditioning and indoor plumbing, just like in the west. Wages are lower so you can hire people to do things for you but an iPhone costs the same.
People seem to actually believe that 5 thousand a year gives you a middle class lifestyle in the third world. The cost of eating only rice and beans and living in a tin shack with dirt floors is pretty much the same everywhere.
I am not saying $5k, I am saying $35k. With that amount of money, you can certainly afford to live a super comfy life in Thailand not in a shack AND afford an iPhone.
I agree with your premise in general though, because given a similar lifestyle and similar percentage of savings (let's say 10%) from your salary you get in a high COL place vs. low COL place, high COL place would be more preferable, as that 10% will be higher in absolute dollar value, and a lot of goods are priced the same everywhere.