//arikast.com/tags/money/ Recent content in Money on Ari Kast Hugo en Wed, 15 Jun 2022 18:06:26 -0400 //arikast.com/post/economic-empathy/ Wed, 15 Jun 2022 18:06:26 -0400 //arikast.com/post/economic-empathy/ <h3 id="how-it-works">How it works</h3> <p>If you earn $30,000 annually and are considering a $1000 smart phone, then you know how expensive that phone feels: the price of that phone is 1/30th of your salary, so about two weeks of pay &ndash; a significant sum. But what would that same phone feel like for someone earning six figures? How about someone earning minimum wage?</p> <p>To find out, this tool calculates what percentage of someone else&rsquo;s salary that phone represents, and then applies that percentage to your own salary to show the phone as if it were priced at that same fraction of your own salary.</p>