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Doesn't that assume that $18K will get you as far in one place as it does in another?
by bem94 7y ago
Doesn't that assume that $18K will get you as far in one place as it does in another?
- krapht 7y agoWe could get into arguments over purchasing power parity, but regardless, 18k is not a large sum even in $YOUR_FAVORITE_POOR_NATION. There's a limit just in terms of purchasing raw material goods which do not vary in price across the globe since they are commodities.
- ceejayoz 7y agoCome on. The per-capita GDP in Congo is somewhere between $700 and $800.
- selectodude 7y agoAnd they live about as well as you would expect on $800/yr. Sure you can get a house for $1000 but it doesn’t have running water or electricity. In countries that poor, basic infrastructure will cost you, at a real rate, more than it would in a rich country.
- adrianN 7y agoMaybe they would have the money to invest in infrastructure if everybody got 18k per year.
- adrianN 7y agoThat's more than the median income in Romania and only 15% or so less than the median (after tax) income in Berlin.
- _jgdh 7y ago$18k is a fantastic sum in India. The top 20% of fresh computer science grads are lucky to get that much. I would have no trouble living on that much income (+adjusted for inflation) for the rest of my life if I lived in India.