[Cam Newton]

The problem with using those worldwide cost of living indices to scale the baller wages from city to city is that not all prices scale linearly. By that I mean, even if the average cost of living is 50% of what it is in NYC, that doesn’t mean what a baller wants is 50% off. Luxury goods, and peak experiences tend to have inelastic demand, and thus their prices don’t scale the same way fruit at the grocery store might scale down in price.