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I think £50k is a large salary because it is.

Or should I say I think £50k is a large salary because it is compared to what the vast majority of people earn?

I think that the second version of my sentence is unnecessarily long because it should go without saying that talking about whether a salary is small or large only has meaning in comparison to what others earn.

agreed, but i look at the 80k mark as daft big. and yes its all about comparason and meaning