(no title)
lohi
|
9 years ago
I think in Sweden, were this has been changing in big cities in recent years, it's mostly because you can't support yourself in many areas on a 7-11 salary anymore. If you can't get an apartment you can't stay in the area, so there's no young temporary workforce left and people with options aren't going to commute long for a 7-11 job.
ysavir|9 years ago
> As the area becomes more wealthy - guess what - wages are supposed to rise. Yes, that means the price of burgers should rise a little bit as well.
lohi|9 years ago
A 19 year old in Sweden would make $14/hour at 7-11. That's around $1900/month after taxes. To double that with progressive taxes you would have to make roughly as much as a fairly well paid software developer here. A rental unit could easily be $1200-1400 and to buy a 330 square feet apartment would cost you around $300k, which is essentially the same as SF. Say you save $500/month then it still takes you more than 7 years just to get the cash contribution. It's not happening.
http://www.valueguard.se/index http://www.economist.com/content/big-mac-index