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> Wikipedia says per capita GDP using PPP (which I believe is the appropriate conversion for this purpose) is ~$4,300 per year No, you shouldn't use PPP adjust
by freddie_mercury 8y ago
> Wikipedia says per capita GDP using PPP (which I believe is the appropriate conversion for this purpose) is ~$4,300 per year
No, you shouldn't use PPP adjustments in this situation. The price for laptop is what it is. And the only money they have to buy it is the money they have (without any adjustment).
So the laptop is more like 3 months of salary. For a typical US programmer making $120,000 a year that's (kinda sorta) equivalent to buying a $30,000 car.
- julienfr112 8y agoComputer used to cost months of salaries. In around 1995, in France, you could buy a 10.000 Fr computer whereas minimum wage was around 3.000 Fr per month. Still, my parents made the financial effort to buy one.
- oblio 8y agoYes, but your parents probably had a house, a car, good healthcare access, etc. Edit: Almost forgot - and they didn't have to take care of their elders, financially.
- forapurpose 8y ago> No, you shouldn't use PPP adjustments in this situation. The price for laptop is what it is. And the only money they have to buy it is the money they have (without any adjustment). Yes, you're right. My error, though much too late to edit the GP. > So the laptop is more like 3 months of salary. For a typical US programmer making $120,000 a year that's (kinda sorta) equivalent to buying a $30,000 car. The parent does say "kinda sorta", but I want to emphasize: For the US developer that $30K isn't needed to for food, shelter, and health care. The impact isn't nearly the same.