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Yes it does. It is called PPP (Purchasing Power Parity) and that's what this graph uses. There are of course concerns about housing costs etc, but you simply c
by yboris 6y ago
Yes it does. It is called PPP (Purchasing Power Parity) and that's what this graph uses.
There are of course concerns about housing costs etc, but you simply can't be arguing that there is no meaningful conclusion we can reach when we learn that a person lives on less than $3/day. You for sure know they don't have the luxuries available to those who live on $100/day.