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There is a disconnect between hard economic data that NPR talks about and media/marketers/financial analysts like HSBC talk. So a person hustling wares on a mop
by geodel 9y ago
There is a disconnect between hard economic data that NPR talks about and media/marketers/financial analysts like HSBC talk. So a person hustling wares on a moped for 12 hrs a day, making $2-3K per annum is poor enough to not file for income tax. But for media hype generators if that person ate out at McDonalds on his kid's birthday, he would be the face of new, confident, aspirational middle class who enjoys international cuisines.