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Well, whateverOriginally posted by 3drian
The point still stands that it's meaningless to say, "In such and such country, the average wage is only $200 dollars a month".
Why do you keep insisting that?
That wage figure represents purchasing power of everything but locally produced goods. It's far from meaningless. Adjustments are only one piece of the puzzle - and a small one.
Banned
Originally posted by Seth1968
Well, whatever
The point still stands that it's meaningless to say, "In such and such country, the average wage is only $200 dollars a month".
It's meaningless because different areas have vastly different costs of living.Originally posted by Buster
Why do you keep insisting that?
That wage figure represents purchasing power of everything but locally produced goods. It's far from meaningless. Adjustments are only one piece of the puzzle - and a small one.
Someone earning $200 a month has far less access to goods and services than someone earning $200 a day in another country.
It's hardly meaningless to draw that distinction. Few globally traded goods and services scale to local cost of living.
Banned
Compare the cost of a grocery cart full of food in Canada, to somewhere like Algeria.
Canada? $200, Algeria? $20.
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Although groceries and utilities might be cheaper, its still valid to represent to wage figure in USD.
A lot of food and goods are being imported to Venezuela and they have to be bought in USD. so if someone makes 3 times the minimum wage so $40-50 a month it will still take them 2-3 months of their total income to buy a pair of runners that cost $100. Someone making minimum wage can only dream of buying brand new Jordans for example.
Registered User
Or Vietnam where Jordan's are made, you can buy a pair on the street for 5-10 have a bowl of pho and a few beers and still not have spent over 12.
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