This always comes down to the fact that labor is competitive. Why pay someone $200k/yeae when someone will do the job for $80k/year? Competition drives the prices of labor down. Maybe there needs to be better regulation for labor competition like corporations enjoy.
This always comes down to the fact that labor is competitive. Why pay someone $200k/yeae when someone will do the job for $80k/year? Competition drives the prices of labor down. Maybe there needs to be better regulation for labor competition like corporations enjoy.
Assuming the same job’s quality, a possible answer is “because to live where your company is you need to be paid $200K/year”
How do people live in these areas without making $200k/year?
They cannot, that is the reason you need to pay that much to work for you.
So nobody lives in these areas that makes under $200k/year?
Even the janitors?
I don’t know, but if they live there, I think they have it that good.
It is more (way more) probable that they just commute far enough away from there to have lower housing cost