[LINK] Cost Of Living

Jim Birch planetjim at gmail.com
Tue Feb 12 10:51:39 AEDT 2013


One big factor in the low cost of living of places like Hong Kong is
arbitrage, the ability to exploit the cost differences of different
markets.  They buy their vegetables (and workers) from low wage China but
sell their output to wealthy countries like us.

This happens everywhere to some extent but some places more than others.

Jim



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