theHRguy@lemmy.world to Late Stage Capitalism@lemmy.world · 23 days agoReport: Rent Prices in China are 74% Cheaper than the U.S.medium.comexternal-linkmessage-square7linkfedilinkarrow-up128arrow-down12
arrow-up126arrow-down1external-linkReport: Rent Prices in China are 74% Cheaper than the U.S.medium.comtheHRguy@lemmy.world to Late Stage Capitalism@lemmy.world · 23 days agomessage-square7linkfedilink
minus-squareThirdConsul@lemmy.ziplinkfedilinkarrow-up1·edit-217 days agoWhile it’s true that situation in China is bad (especially to internal cross district migrants and youth), I want to share this little gem: https://wid.world/share/#0/countriestimeseries/ahweal_p0p50_z/US;CN/2019/eu/k/p/yearly/a/false/-4297.1145/8000/curve/false Poorest 50% of Chinese has more wealth* than poorest 50% of USians. (Of course in purchase power parity, so it measures the shit they can buy locally. But basically it means if an USian can buy 100 hamburgers, a Chinese can buy 130)
While it’s true that situation in China is bad (especially to internal cross district migrants and youth), I want to share this little gem:
https://wid.world/share/#0/countriestimeseries/ahweal_p0p50_z/US;CN/2019/eu/k/p/yearly/a/false/-4297.1145/8000/curve/false
Poorest 50% of Chinese has more wealth* than poorest 50% of USians.
(Of course in purchase power parity, so it measures the shit they can buy locally. But basically it means if an USian can buy 100 hamburgers, a Chinese can buy 130)