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Old 10-10-2018, 11:16 PM   #19
Anthony
 
Join Date: Feb 2005
Location: Berkeley, CA
Default Re: Conversation Rate of G$ To Real World Dollars

Quote:
Originally Posted by Andreas View Post
That is also an interpretation which is supported by the mechanics of cost of living.
No it isn't. At TL 3, average wealth/average status has cost of living at 86% of income, which is insane for a single wage earner.

To the degree status-based CoL makes any sense at all, it's about demonstrating that you have the wealth appropriate to your status, plus ordinary patronage and useful employees. All of these things scale strongly on the average income of the society. There is a minimum viable cost that is less variable, but it doesn't really have anything to do with status.
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