Re:What's my place in the world population?
by willcipriano on Thursday March 17, 2022 @08:38AM
(#30710467)
If you do it that way very wealthy people can appear to have average income.
"Yeah I make 2 million a year, but my mortgage is 25 thousand and my Aston Martin costs 4 grand!"
Truth is places are expensive beacuse they are desirable. Living in a tin shack in Africa without indoor plumbing isn't comparable to living in a posh flat in central London. We like to pretend that it is and call it cost of living, but it's really the standard of living that is different
With globalization this is even more true, with the rise of remote work doubly so.
Re:What's my place in the world population?
by Kinrany on Thursday March 17, 2022 @09:01AM
(#30710667)
Places are expensive because many people want to live there, not because the standard of living is higher. Income already accounts for most of the benefits.
"Yeah I make 2 million a year, but my mortgage is 25 thousand and my Aston Martin costs 4 grand!"
Truth is places are expensive beacuse they are desirable. Living in a tin shack in Africa without indoor plumbing isn't comparable to living in a posh flat in central London. We like to pretend that it is and call it cost of living, but it's really the standard of living that is different
With globalization this is even more true, with the rise of remote work doubly so.