Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
wages are lower there, so is the cost of living
The lower cost of living does not compensate for the lower wages: the purchasing power parity was still lower than in the west. Except that, recently, Czechia was ahead of Portugal in PPP even though at market exchange rates Portugal had the higher GDP per capita.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Thu Mar 9th, 2006 at 05:58:53 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series