Yes, that's my understanding. (And yeah, I think it must be an average, because I have a really hard time believing that the number itself is the same for cities with very different cost of living.)
Again, not an expert, have read some books that touch on the subject but haven't read the studies themselves, so I could be totally wrong.
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timeasmymeasure
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Date: 2009-12-04 04:36 am (UTC)Again, not an expert, have read some books that touch on the subject but haven't read the studies themselves, so I could be totally wrong.