LogFAQs > #970789548

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, Database 11 ( 12.2022-11.2023 ), DB12, Clear

Topic List	Page List: 1
Topic	Stores price gouge and wonder why customers are stealing stuff
Dan_Haren- 01/12/23 12:42:29 AM #156:	meestermj posted... https://worldpopulationreview.com/state-rankings/states-with-lowest-cost-of-living Mississippi has the lowest cost of living in the entire US, and wages still don't match CoL. And that's median income, not minimum wage. Wages have not kept up with CoL by any metric. You argued wages haven't kept up with inflation and I proved you wrong. Whether or not wages meet cost of living is a separate topic. The link you listed has bad methodology. Their evaluate cost of living by averages but income by median. That's comparing apples to oranges. They should compare median to both or averages of both. Averages are always higher than medians when dealing with income related matters. <cite>Dan_Haren- posted [p:970789548] in Stores pri... [t:80308890]...</cite> <quote>meestermj posted... </cite><quote>https://worldpopulationreview.com/state-rankings/states-with-lowest-cost-of-livingMississippi has the lowest cost of living in the entire US, and wages still don't match CoL.And that's median income, not minimum wage. Wages have not kept up with CoL by any metric.</quote>You argued wages haven't kept up with inflation and I proved you wrong. Whether or not wages meet cost of living is a separate topic.The link you listed has bad methodology. Their evaluate cost of living by averages but income by median. That's comparing apples to oranges. They should compare median to both or averages of both. Averages are always higher than medians when dealing with income related matters.</quote> ... Copied to Clipboard!
Topic List	Page List: 1