this post was submitted on 23 Jul 2023
7 points (58.1% liked)
Showerthoughts
29723 readers
636 users here now
A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.
Rules
- All posts must be showerthoughts
- The entire showerthought must be in the title
- Avoid politics
- NEW RULE as of 5 Nov 2024, trying it out
- Political posts often end up being circle jerks (not offering unique perspective) or enflaming (too much work for mods).
- Try c/politicaldiscussion, volunteer as a mod here, or start your own community.
- Posts must be original/unique
- Adhere to Lemmy's Code of Conduct-----
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
He's saying living in a poor area because col is cheaper has a risk if you lose your job that you might have to take a crappy one.
I see arguments like this for why everyone has to go live in cities where a single family home is a million bucks.
It's categorically wrong. Of course if you go to live somewhere with a cheaper cost of living, there's going to be a cheaper cost of living. The data does not bear out the idea that a high cost of living also necessarily means a commensurate wage.
Cost of living is not magical. It is created by the opportunities available. If people can pay more for the house or rent, the market will adjust to it. The regulating factor is simply the opportunities available. All other factors are peripheral.
If you can export money by working remotely, you're floating on a rare exception to the rule. If everyone could do the same, the cost of living would adjust to compensate. You are essentially taking the same risk as an ancient merchant on a ship. When the circumstances change, you can easily find yourself stuck in a place without any opportunities.
The fallacy is looking at cost of living as some kind of magical random generated number. It is not. It is a direct measure of the opportunities available to the average person. It doesn't matter where you live, how poor or how rich the area seems, the average person is encountering the exact same pressure and stress about simply staying afloat. The grass is not greener on either side of the fence. The only difference is the availability of opportunities for the average person in an area.
Thank you for the TLDR