Thursday, May 10, 2007

Money is Relative

I have been thinking about the post on the Rich List... I should mention that our China Salaries are almost the same numerically in Yuan/RMB as they were in Dollars.

What am I trying to say? If you got paid 20,000USD a year in the States, then you could enjoy life at 20,000RMB. This is something funny that I have noticed here... does this have anything to do with the conversion ratio? Or is this something of a normalcy in developing countries?

Also, we have noticed that the money you can make from teaching English in a country will usually more than do for living in that society. However if you begin to travel more frequently to developed countries you will have little or no money.

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