Tag Archives: salary

I’d like to highlight two news stories about Romania from this week that caught my attention: Romania is the EU member with the biggest gap between the rich and the poor. The average incomes of Romania’s richest 20% were 7.2 times higher than those of the poorest 20%. (26 April – via ‘business24.ro’) Romania will no longer have an official …

As a foreigner living in Romania, its no question to me, that I have to assimilate to the romanian lifestyle and accept the way, life is going on here. Otherwise, I could leave the country as I was often told during the first months in Bucharest. Meanwhile, after a few years, I enjoy living in Romania and starting to defend …

When I was a schoolboy, close to my parents house was a residence for elderly people. To earn a little money, I regularly went shopping for a few ladies from that residence. They would give me a list and money, I bought the stuff down in the village store, transported the goods on my bike back to the residence, got …

What would you prefer? A high salary and expensive goods – or a low salary with cheap prices? • If your answer is ‘a high salary with cheap prices’ I would advise you to visit your travel-agency and buy a ticket to fantasy-land. The purpose of this chapter is to find out, what’s better for people with an average salary …

Question 2: Suppose over the next 10 years the prices of the things you buy double. If your income also doubles, will you be able to buy less than you can buy today, the same as you can buy today, OR more than you can buy today? Answer: same This case seems to be clear – when you earn 1000 …