For example I live in Asuncion, Paraguay where the median wage is $420/month.
Vancouver, Canada has a purchasing power index that is 220% as high. Eg. The average person in Vancouver makes as much as a Paraguayan making $840/month living in Asuncion.
You could also compare NY to Cali, Colombia where NY has a score of 100 (by definition) and Cali has a score of 48. So the average Colombian is 1/2 as wealthy as the average New Yorker, or 1/3 the average Austinite with a score of 170.
The American middle class is doing amazingly well by moving to where they are exporting everyone’s jobs to. They double their income by not paying taxes anymore, and then compound that with a 1/3rd cost of living.
Comments
Yes, go into numbeo and look at the purchasing power indexes.
https://www.numbeo.com/cost-of-living/rankings_current.jsp?d...
For example I live in Asuncion, Paraguay where the median wage is $420/month.
Vancouver, Canada has a purchasing power index that is 220% as high. Eg. The average person in Vancouver makes as much as a Paraguayan making $840/month living in Asuncion.
You could also compare NY to Cali, Colombia where NY has a score of 100 (by definition) and Cali has a score of 48. So the average Colombian is 1/2 as wealthy as the average New Yorker, or 1/3 the average Austinite with a score of 170.
The American middle class is doing amazingly well by moving to where they are exporting everyone’s jobs to. They double their income by not paying taxes anymore, and then compound that with a 1/3rd cost of living.