3 ms·

Just to keep things in perspective, $200/month is already the median income of some places.

• Const-me 6y ago
  Which places do you have in mind? Globally, the median is close to $800/month per household.
  • barumi 6y ago
    > Globally, the median is close to $800/month per household. You pulled that number out of thin air, didn't you? I mean, some european countries like Bulgaria have a median household income of around 400€/month. Do you honestly believe that Bulgaria is one of the world's poorest countries? Getting back to reality, according to wikipedia, which cites OECD, India's median income in PPP is currently around 2500$/year. India ranks 43rd in the world's median household income ranking. https://stats.oecd.org/Index.aspx?DataSetCode=IDD https://stats.oecd.org/Index.aspx?DataSetCode=IDD
    • Const-me 6y ago
      > You pulled that number out of thin air, didn't you? I used a calculator. Annual figure is from there: https://news.gallup.com/poll/166211/worldwide-median-household-income-000.aspx https://news.gallup.com/poll/166211/worldwide-median-househo... > some european countries like Bulgaria have a median household income of around 400€/month. Irrelevant. Medians don’t aggregate the way you think they do. To compute global median, you need to know shapes of distributions in each country, and population of the countries.