Rrog
Well-Known Member
Rich and poor is relative. Which of the following are richer? Two men both have a 600k salary. One lives in a small town where he has the highest salary. The other in the city down the road where lots of people make over one million.
Likewise, poor is only judged by the bottom. If you go from making twice the lowest legal wage to just over the lowest legal wage, you're effectively getting a pay decrease.
What is the point being made here? The first part of your post is irrelevant when discussing purchasing power. The second point says " if your wages drop, you're effectively getting a pay decrease." My gosh that's profound.