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goodluckonyourexams t1_jamxugh wrote

https://www.worlddata.info/cost-of-living.php

look at Barbados and Norway

Cost of living is the same, ppp isn't

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Maguncia t1_jan32ge wrote

That's purchasing power, not PPP ("purchasing power parity") i.e. the cost of living adjustment used to convert income into purchasing power. Regardless, the initial statement is true - the reason that Switzerland's minimum wage would theoretically be lower is that it has a high cost of living, and thus its purchasing power is lower than its income.

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