Cold and Wet & Expensive.

[55starchief]

It was clearing last night about 11pm in towcester as the snow turned to rain

[Roadkill]

All snow was long-gone this morning . . . it was just wet . . . as it is now.

[Jo]

No snow here

[Cunning Plan]

Quoting: 55starchief

cause you cant use the exchange rate in a comparison, you have to look at it that the price is the same no matter the currency

Quoting: philoldsmobile

thats not accurate either, you need to work it agains the average earnings...

so if average wage in the US is $30,000 and in the UK £20,000

So..  Who was right here?  

I ask becuase I didnt really understand:

Quoting: 55starchief

you cant use the exchange rate so if you convert it direct to dollars its $4.9

How can you convert it to dollars without using an exchange rate?

[Roadkill]

Quoting: Cunning Plan

How can you convert it to dollars without using an exchange rate?

You can directly convert it . . . but in "relative terms" it's not as simple as that.

As PhilO points out we do, generally, get paid more but as I noted we're still getting ripped off.

[Cunning Plan]

Quoting: Roadkill

You can directly convert it

Sorry I think im being a dumbass.  Convert it with what if you arent using an exchange rate?

[philoldsmobile]

the most accurate way of guaging prices is to take them against the country's average wage..

example, everyone is horrified when they find that people in china are payed £20 a week, but when you can fill your car for £5, pay the mortgage for £10 and do the weekly food shop for £2 its put more in perspective..

we still have one of the highest fuel prices in the world, but we do have one of the highest average wages in the world.

[Roadkill]

Quoting: Roadkill

You can directly convert it . . . but in "relative terms" it's not as simple as that.

Meaning yes, you can do a straight conversion using the exchange rate to give you a dollar comparison.

But this will only be a dollar comparison from the U.K point of view.

In actual fact you must consider the "percentage of earnings" to get a fair round figure.

If we all got paid a million pound a year I dare say we wouldn't mind paying £1 a litre . . . but we don't and we're not . . . It's all relative . . .

[Cunning Plan]

ok got it now..  

[Roadkill]

Good.  I don't think I could've explained it any different.