in reply to Nanda Queiroz

@vereda This also depends on what you want to do with your money. Locally-sourced products and services, think food and rent, are usually cheaper in places where salaries are lower, but this is much less true about flights, technology, cars and such. A programmer in Silicon Valley and a programmer in Nairobi might both spend 95% of their respective salaries on food, rent, medical expenses, schooling for their children etc, but the extra 5% in San Francisco will get you a top-of-the-line MacBook and a Tesla, where that same 5% in Nairobi will get you an used Dell laptop from 3 years ago and a mopet. Even better, if you make senior developer money in the US, live like a junior developer or worse and save up the difference, you can then move to a poorer country, perhaps the country you came from, and that difference will get you a long, long way, even though that money wouldn't be enough for three months' rent in California. This difference is much bigger for people who earn a lot, but it is still there, regardless of your level of income.
in reply to miki

@miki @vereda this doesn't apply to people on minimum wage however, because they often can't even afford basic necessities in US.

40% of the population can't afford a $400 unexpected expense. Meanwhile, 37% of the population now works two full time jobs.

The reality of the situation is that minimum wage isn't even livable in US.

fortune.com/2023/05/23/inflati…

denver7.com/news/national/more…

in reply to Yogthos

@miki @vereda actually imho raising minimal wage is temporary, and LEDs to inflation increase, cuz companies increases the prices by raise % with safety factor
Way better would be providing maximum wage (progressive taxes?), but it unfortunately seems complicated af to implement
Idk how its described in scientific papers, just my thoughts