Damus
The Tattooed Nonna 🧙‍♀️ · 3w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpq0dxafmw65292jj77fv3y8zmfc59lns47f4j6au2ahs47acy9ex7s6yzyt0 you can only really compare by looking at percentages of wages to cost I think. I reme...
Graham Downs profile picture
@nprofile1q... Yeah, but you also can't really compare it because our economies are different. You can't say, Oh, a pound is worth x ZAR, so £6k per year is R13k per year (never mind the fact than in the 80s, a pound was worth R2, and today's it's worth R22). The Bic Mac index is much better at describing how people actually LIVE.

My first job was in 1998, and I was earning R2k per month. My daughter is set to earn around R20k per month as a starting salary after she graduates, and she feels that's a bit low.

In High School account, we learnt that a business doing R1m turnover per annum was reasonably successful. Now a business ONLY doing R1m turnover per annum is a candidate for business rescue. :D
1
The Tattooed Nonna 🧙‍♀️ · 3w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpq0dxafmw65292jj77fv3y8zmfc59lns47f4j6au2ahs47acy9ex7s6yzyt0 no that's what I meant, you have to do "a house cost x % of wages" In 1980 a big mac was 93p. My first job I earned about £2 an hour.