I never said it wasn't player. I SAID that the Australian dollar an the American dollar are almost equal in value. Meaning 1 Australian dollar = 1 American dollar so the fact that Australian employee makes 16 dollars while American employee makes 7 for the SAME JOB means that Australians make more money than we do SINCE OUR DOLLARS ARE EQUAL. DO YOU COMPREHEND???
So you go live in Australia for 5 years provided the conversion rate stays the same, you save up a million. That million dollars in Australia, where a pack of cigs is 40 bucks, is going to be worth a million in America where a pack of cigs is 8 bucks. Get it?
Unless you're magically commuting between Australia and America everyday, this is pointless. You're absolutely right about the conversion rates but unless you work there and live here, who cares about the conversion rate?
What's the point of making $16 an hour if you can't spend it/enjoy it and you're barely getting by?
In an ideal situation, of course you'd save up all that money and just move back to America but that's impossible.
You make more, you spend more. There isn't much of an advantage. As far as I know, all minimum wage is relative to the countries cost of living. No one is living the good life on minimum wage ANYWHERE.