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From Pakistan earning $1600 per month :( Hackernews is not as small as you think

by icemelt8 10y ago

yread 10y ago
You probably live like a king for 1600 in Pakistan though
- icemelt8 10y ago
  I have my good days thanks :)
oblio 10y ago
Are you earning $1600 in Pakistan on in the US? I'm pretty sure you're top 10% if not 5% with that income, in Pakistan.
- aclsid 10y ago
  $1000 bucks can get you decent living standards in developing countries. But I would not say by a long shot he is in the top 5% by any standard. Developing countries main characteristic is the huge disparity between the haves and have-nots, which of course, leads to emigration and crime among other issues. Countries with a large middle class therefore are relatively better off. In any case, making $4000 per month or more is what'll get you royalty style living in those countries.
  - oblio 10y ago
    According to Wikipedia, the GDP per capita in Pakistan is $1400. He's making > $19000 per year, so he's making 14x what the average Pakistani citizen is producing, not earning. I'm pretty sure he's in the top 5% :)
Kurtz79 10y ago
... and it doesn't put you in the top 20% in Pakistan ? http://www.averagesalarysurvey.com/pakistan http://www.averagesalarysurvey.com/pakistan It would be a decent salary for many countries in Europe.
ryan_j_naughton 10y ago
You're right and you're wrong. The per capita income in Pakistan is $1,600 a year. You are making 12X the average salary. Your $19,200 salary, when adjusted for purchasing power (about a 3-4X purchasing power multiplier) and you're effective PPP income is $60-80K. And honestly that puts you in the exact same category as the rest of us with respect of this article: upper middle class engineers who are generally working to make others rich. This article mentions the vast majority of 1% individuals are bc of working in finance. This extends into the tech world where the vast majority of equity goes to investors. Thus, even our efforts are primarily enriching individuals in the finance 1% instead of enabling us to move into the 1% ourselves. This is not too say we don't move up (Obviously the biggest centralization of wealth has been to individuals who founded tech companies), but engineering incomes in silicon valley are far lower on average than Wall Street incomes.

From Pakistan earning $1600 per month :( Hackernews is not as small as you think

yread 10y ago

You probably live like a king for 1600 in Pakistan though

icemelt8 10y ago
I have my good days thanks :)

oblio 10y ago

Are you earning $1600 in Pakistan on in the US? I'm pretty sure you're top 10% if not 5% with that income, in Pakistan.

aclsid 10y ago
$1000 bucks can get you decent living standards in developing countries. But I would not say by a long shot he is in the top 5% by any standard. Developing countries main characteristic is the huge disparity between the haves and have-nots, which of course, leads to emigration and crime among other issues. Countries with a large middle class therefore are relatively better off. In any case, making $4000 per month or more is what'll get you royalty style living in those countries.
- oblio 10y ago
  According to Wikipedia, the GDP per capita in Pakistan is $1400. He's making > $19000 per year, so he's making 14x what the average Pakistani citizen is producing, not earning. I'm pretty sure he's in the top 5% :)

Kurtz79 10y ago

... and it doesn't put you in the top 20% in Pakistan ? http://www.averagesalarysurvey.com/pakistan http://www.averagesalarysurvey.com/pakistan It would be a decent salary for many countries in Europe.

ryan_j_naughton 10y ago

You're right and you're wrong. The per capita income in Pakistan is $1,600 a year. You are making 12X the average salary. Your $19,200 salary, when adjusted for purchasing power (about a 3-4X purchasing power multiplier) and you're effective PPP income is $60-80K. And honestly that puts you in the exact same category as the rest of us with respect of this article: upper middle class engineers who are generally working to make others rich. This article mentions the vast majority of 1% individuals are bc of working in finance. This extends into the tech world where the vast majority of equity goes to investors. Thus, even our efforts are primarily enriching individuals in the finance 1% instead of enabling us to move into the 1% ourselves. This is not too say we don't move up (Obviously the biggest centralization of wealth has been to individuals who founded tech companies), but engineering incomes in silicon valley are far lower on average than Wall Street incomes.