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$5 in San Francisco does not equal $5 in some village in china. I'm sick of people assuming that these are the same. I'm not arguing against great wealth inequa
by mathgenius 9y ago
$5 in San Francisco does not equal $5 in some village in china. I'm sick of people assuming that these are the same. I'm not arguing against great wealth inequality, this is obviously the case. Just saying it is facile assuming that we can measure everything against the dollar (or whatever other currency.)
- BenjaminTodd 9y agoThis is taken into account in the figures, which are purchasing parity adjusted. You can see more detail in the footnotes. There also more in-depth discussion here: https://80000hours.org/2017/04/how-accurately-does-anyone-know-the-global-distribution-of-income/ https://80000hours.org/2017/04/how-accurately-does-anyone-kn...