PPP, oh you devil ๐
Do you believe in purchasing power parity being a good enough conversion factor between value of a commodity in different currencies? So PPP between โน-$ goes as follows: Apparently 18.18โน can buy you similar level of luxury (woah! The heuristics that would have gone behind this) as 1$ What that means is 26Lโน translate to 100k$ ๐ค I read on Quora that roughly 35Lโน TC saves you the same as 100k$ TC. This seems off. What have my fellow Blind-Indians (Blindians? ๐ฌ) got to say about this?
If you live in Iowa and make $100k itโs probably equivalent to making $1million in San Francisco. The disparity exists even within US
That's what I was talking about. @(.)(.)
Hm. Got you. Makes sense. So we have no way to compare cross geography value of a commodity. I wonder how do they come up with global pay at exec levels ๐ค
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.
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
I think looking at Cost of Living is a lot better, especially with websites like numbeo.com where you can just compare two cities.
https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm The post wont resolve this url for inexplicable reasons ๐คฆ๐ปโโ๏ธ