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I think that $2 is purchasing-power-parity adjusted (they talk about "international-$"), which is even less in real dollars. For an anecote on PPP vs real doll
by taway_1212 10y ago
I think that $2 is purchasing-power-parity adjusted (they talk about "international-$"), which is even less in real dollars.
For an anecote on PPP vs real dollars, I remember that in the eighties in soviet-ruled Poland, an average monthly salary amounted to about $20. At the same time, the average standard of living was not that bad: most families had flats with central heating (no air-con though), education up to university level and healthcare were free, most families didn't have cars but public transport was cheap.
- kaybe 10y agoYou don't really need aircon in Europe. It's still extremely uncommon to have in private quarters.