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$800 is about the monthly salary for so many Chinese I’m finding it hard to think it is unobtainable.
by meric 9y ago
$800 is about the monthly salary for so many Chinese I’m finding it hard to think it is unobtainable.
- aaron-lebo 9y agoWas Googling around for stats. Sorry if the link isn't good, but: https://geopoliticalfutures.com/china-is-still-really-poor/ https://geopoliticalfutures.com/china-is-still-really-poor/ In 2010, only 11.2 percent (almost 150 million people) lived on less than $1.90 a day. Not shown above is that 27.2 percent (almost 360 million people) lived on less than $3.10 a day. So that's what, a bigger population than the US who live on less than $1k a year?
- meric 9y agoEven in that 27.2 percent, a family of 3 lives on $3k a year. I don’t think 4 months of living expenses is unobtainable, especially when we take into account Chinese people high savings rate.
- gozur88 9y agoThat's more than double the median Chinese wage. Granted, that's still a lot of people in absolute terms.
- trying_to_code 9y agohttps://www.google.ca/search?q=china+gdp+per+capita&ie=utf-8&oe=utf-8&gws_rd=cr&dcr=0&ei=ir_9WdyKDqqCjwTbgrnACw https://www.google.ca/search?q=china+gdp+per+capita&ie=utf-8... In 2016,the average Chinese GDP per capita is 8,123.18 US dollars, it is almost as much as Russia ($8,748.18) or Mexico ($8.201.31). This really surprised me.
- gozur88 9y agoYes, but that's because there are a few people who are extraordinarily wealthy. The median is a better measure of what people make.
- tanilama 9y agoCan confirm, 800 dollars is nothing for average Chinese family, consider how highly the value education. The money they send their kids to cramp school for college entrance exam can easily top that. The bigger question here, is how to earn to ticket to get into top schools.