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I think the comparisons could also use some normalization with respect to per capita income (mean, mode, median?). 1 USD in the US doesn't mean the same thing a
by k_sze 6y ago
I think the comparisons could also use some normalization with respect to per capita income (mean, mode, median?). 1 USD in the US doesn't mean the same thing as 1 USD in China.
From the consumers' perspective, it's about affordability, not absolute cost.