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I don't believe this is actually true. Compare the cost of living and minimum wage in Sydney, Australia with comparable cities in the US(San Francisco for example) or Canada(Vancouver). The cost is about the same for most things despite Sydney having a much higher minimum wage.

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I'm not entirely sure this is true. Anecdotally, things seemed to be more expensive in Sydney. I wish I had better data, but I find this comment difficult to accept blindly. Actually, a quick Google shows some data supporting my experience, but I can't vouch for the data quality so I am not linking. If anyone else has anything worth adding, I'd welcome more information.

http://www.numbeo.com/cost-of-living/compare_cities.jsp?coun...

Thats where I got my data.

Minimum wage in SF is $8/hr. Minimum wage in Sydney is $16.87 so more than twice that.

I use to live in Sydney and it was very expensive. But not much more expensive than comparable cities.

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