Mises Wire
Author:
T. Norman Van Cott
Online Publish Date:
Suppose you live and work in Indianapolis. Your employer informs you that it wants to transfer you to San Francisco. One of your first concerns is likely to be: “Hey, what about my salary? The cost of living is really high out there, isn’t it?” Anticipating such a reaction, your boss assures you that your salary will be bumped up based on the