[–]eqi397[S]0 points
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question is: why are people in Asia able to live on $1-$2/hr? because food/rent/everything else is 10 times cheaper? why is everything more expensive in US? greed! govt taxes to pay for never ending wars
Aside from different economies, labor supply and government policy the petrodollar also plays a significant role in why things are cheaper vis a vis living in the states.
Purchasing power for the average person isn't all that different with the more developed countries, I feel, which is an observation that doesn't get bogged down with misconceptions about forex rates.
[–] no_step_on_snek ago
Aside from different economies, labor supply and government policy the petrodollar also plays a significant role in why things are cheaper vis a vis living in the states.
Purchasing power for the average person isn't all that different with the more developed countries, I feel, which is an observation that doesn't get bogged down with misconceptions about forex rates.