18 August 2014

Life is A Totem Pole

Having lived, in my first job in Boston and thence in Washington, DC (and having done my grad school in econometrics), the notion of localized inflation was well understood at least as far back as the 1970s. No matter where you work/live, the $$$ you get paid aren't what determine how well you live, but where those $$$ seat you on the local totem pole. I guess it's still news to some folks.

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