Re:Americans Aren’t Making Babies, and That’s Bad for the Ec...
by econcon on Wednesday July 29, 2020 @12:21PM
(#23988503)
> $5k a month income would get you living like a king here (with in house nanny)
Comparing just dollar value of services is not of much use across countries.
It's like saying, interest rate in India is 6% while in US it's 1% why Americans are not putting their money in India. The info you are missing is inflation.
5k is not a lot in mega US cities and these guys will not move to some cheap city because they'll not find a job that pays that well and gives them ability to support such a high quality of life in smaller/cheaper cities.
Comparing just dollar value of services is not of much use across countries.
It's like saying, interest rate in India is 6% while in US it's 1% why Americans are not putting their money in India. The info you are missing is inflation.
5k is not a lot in mega US cities and these guys will not move to some cheap city because they'll not find a job that pays that well and gives them ability to support such a high quality of life in smaller/cheaper cities.