PPP, oh you devil 😈

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Jun 13, 2019 9 Comments

Do you believe in purchasing power parity being a good enough conversion factor between value of a commodity in different currencies?

So PPP between β‚Ή-$ goes as follows:

Apparently 18.18β‚Ή can buy you similar level of luxury (woah! The heuristics that would have gone behind this) as 1$

What that means is 26Lβ‚Ή translate to 100k$ πŸ€”

I read on Quora that roughly 35Lβ‚Ή TC saves you the same as 100k$ TC. This seems off.

What have my fellow Blind-Indians (Blindians? 😬) got to say about this?

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TOP 9 Comments
  • Twitch
    ffgtrv

    Go to company page Twitch

    ffgtrv
    If you live in Iowa and make $100k it’s probably equivalent to making $1million in San Francisco. The disparity exists even within US
    Jun 13, 2019 4
    • Uber
      findmoney

      Go to company page Uber

      findmoney
      That's definitely not sure. I would prefer 500k in SF compared to 100k in India.
      Jun 13, 2019
    • Nielsen
      nqED75

      Go to company page Nielsen

      nqED75
      Pay isn't driven by what the employee could otherwise get, it's also driven by what the employer could otherwise get. My salary isn't based on what I'd get somewhere else but is based on who else could do my job and how much they'd cost.
      Jun 13, 2019
  • Nike / Eng
    jondough

    Go to company page Nike Eng

    jondough
    I think looking at Cost of Living is a lot better, especially with websites like numbeo.com where you can just compare two cities.
    Jun 13, 2019 0
  • Oracle
    dDlG06

    Go to company page Oracle

    dDlG06
    What we need is PPP ratio between Bay Area (or Seattle) and India. Unlike US, there isn't huge difference between cities in India, else we will have to do Bay Area with Bangalore comparison. Most compensation info on Blind or elsewhere is that of Bay Area or Seattle.
    Jun 13, 2019 1
    • Twitch
      ffgtrv

      Go to company page Twitch

      ffgtrv
      Cost of living difference between Bangalore and another tier-2 city or tier-3 city is huge. Only thing makes sense is Bangalore and Bay Area. Seattle and Bay Area itself is 1.3-1.5x difference given state tax etc
      Jun 13, 2019
  • New
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    New

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    Cisco, Amazon
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    OP
    https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm

    The post wont resolve this url for inexplicable reasons πŸ€¦πŸ»β€β™€οΈ
    Jun 13, 2019 0