I guess you mean US $, though that would be the obvious one 😉 Coz a lot of countries use $ symbol for their currency as well
USD 10 is about NTD 310 in Taiwan, that would pay for
- my mobile top up card with 3.2G worth of data that is valid for two months
- two cups of coffee from Starbucks
- enough ingredients (flour, sugar, butter and eggs) to bake three loaves of cakes
- 4 x 1 hour yoga classes
Your mobile and yoga class are cheap but the coffee and cakes are about the same as mine. That is a "fancy" coffee, i.e. "16 oz. Mocha with whip", not simply a black cup of "jo".
I've noticed often how coffee is expensive compared to other stuff in many countries! I remember when I was in China and my coffee would be 5$ for something I'd pay 3$ for in my country. It's scarcity probably, from what I gathered Chinese people haven't been drinking coffee for that long so it's definitely a luxury expense. Maybe even mostly geared towards Western people visiting Beijing (in this case).
It's an addictive substance, the demand WILL pay more for the "fix".
I was addicted to the caffeine at one time. I would get bad headaches if I didn't drink it. Built in motivation right there, to want to drink it, and to want to stop.
Now it's a Luxury, maybe one every 3 weeks, at ~$5.30 USD.
Wow - that's expensive! That really sounds like a luxury :-)
Glad you're not addicted anymore though! I can drink it twice a day but also skip one day without feeling I need it, so I'm really happy about that. If I felt I was addicted I would stop for sure :-)
Yeah, in crypto everything is measured against the USD/$, but you're right, I'm often annoyed how we always assume 'US' as the standard, so I should have specified :P
Wow - 4 yoga classes? Lol, they cost easily 16$ around her for one :D I just have a 50$ subscription now on something that you can see as a 'Spotify for sports' which means I can go to as many classes as I like for that amount. It's definitely more economic.