Cost of Living vs. Cost of Labor — Is There a Difference?
Zenefits
JUNE 1, 2022
Cost of living: a government-based metric using economic factors that look at how people spend money to live their day-to-day lives. Cost of labor: a metric based on how much employers must pay to hire for specific roles. It’s an often-asked question, and we’re here to help provide some clarity. labor costs. Payroll taxes.
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