Tuesday, May 31, 2011

Mazi's Link O' the Day

When comparing wages, you must also look at WHERE those wages are earned. For example, living in NY costs much more than living in some town in Kansas. If someone in NY only makes 2 cents more than a Kansas resident, do they really have a higher standard of living or more purchasing power?:

http://blogs.wsj.com/economics/2011/05/31/adjusting-wage-disparities-for-cost-of-living/?mod=WSJBlog

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