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I live in an Asian country in which the average monthly salary is maybe 300-400 dollars but things (apart from exported goods like laptops or smartphones) are reasonably cheap compared to their price in the US for instance.
One pizza is around 3 dollars, you can rent a decent hotel room with less than 20 dollars and average monthly rent for apartments in our capital city is around 150 dollars. my question is why doesn't our government scale up everything like 5 times so the pizza would cost 15$ but at the same time salary is 2000 dollars?
That wouldn't make any difference for us but now our country seems to be a heaven for foreign tourists and I think this can make things better.
I know I'm not the first person that this idea has crossed his mind but can't figure it out what are the technical issues which prevent this idea from happening.

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  • $\begingroup$ Perhaps attracting tourists (an export of services) helps the economy. In addition the low wages may make labour-intensive industries such as agriculture or clothing more competitive $\endgroup$ – Henry Feb 22 at 0:05
  • $\begingroup$ This used to be called "wage and price controls" or an incomes policy. Workers and businesses in tourist serving industries will object. $\endgroup$ – H2ONaCl Feb 22 at 0:47

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