RE: Crypto Will Drive Labour Cost Deflation
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It would be nice to see that this works in the other way also... I mean, I'm living in Spain, and it "counts" as a western country, with home renting prices like in Germany, or the US, but salaries are way lower... I would like to see lower living expenses here, as this as it is now, has no sense...
Totally agree about working for the same salary around the world... Crypto is doing the thing that we didn't see never... Equalizing the quality of life all around the globe...
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I would assume spain is one of the bigger economies in Europe so it would be expensive especially in the bigger cities and you’d have to live further out to get that cheaper home but then you may pay more for goods and services since it has to be transported to you at a higher cost there’s always a give and take
Crypto also helps because you can earn that western wage and save in something that appreciates so your labour is worth more simply by keeping hold of that so you do t have to work As much going forward only if you want to
I live in a small town, but my main problem is tourism... lol... I mean, that is what drives the prices up... ANyways, that isn't a point of this discussion or your post... The point that labor costs will have effects in both ways... On the costs of living in "high-developed" countries, but also in less developed...