Cost of Living Comparisons
The cluster focuses on debates about adjusting salaries and incomes for cost of living differences across countries and regions, emphasizing purchasing power parity and comparable quality of life.
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Factor in cost of living and they dont live the life of milionaires.
You have to compare based on cost of living.
Keep in mind cost of living is lower.
Are you sure your cost of living is much less than a small town in an economically depressed rural area in the US?
Costs of living are different across the world, so people can live on the same level with smaller wages in less wealthy countries.
You have to compare purchasing power. You dont get $200/month rents, $1 good quality restaurant meals and $3 taxi rides in those places either.
Is that adjusted for the different costs of living between the two countries?
You are assuming cost of living is the same in both places, which it isn't.
Do you mean compared to the cost of living in those regions?
Low cost of living would be nice...