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Would like to see this measured with either gdp per capita ppp, or better median wages, preferably adjusted for local purchasing power. Gdp per capita doesn't
by IkmoIkmo 9y ago
Would like to see this measured with either gdp per capita ppp, or better median wages, preferably adjusted for local purchasing power.
Gdp per capita doesn't take into account different purchasing powers locally. Nor does it take into account income inequality. i.e., the influence of a few people on the happiness measure is negligible compared to their influence on the income statistic.
- zeth___ 9y agoSingapore having $80k as the baseline is laughable. The median is $30k. https://en.wikipedia.org/wiki/Median_income https://en.wikipedia.org/wiki/Median_income It drops from 3rd to 18th, Qatar drops from second to 23rd.
- m12k 9y agoYeah, low overall satisfaction isn't that surprising in a 'rich' country if the reality is a crazy-rich aristocracy while the majority live like serfs.