3 ms·
Absolute numbers don't matter. Purchasing power matters.
by kspacewalk2 5y ago
Absolute numbers don't matter. Purchasing power matters.
- rmah 5y agoGlobal PPP uses USD purchasing power in the US as the baseline.
- retention456 5y agoPurchasing power parity (PPP) is accounting for both absolute exchange rates and differential purchasing power across different countries https://www.pewresearch.org/fact-tank/2015/07/09/how-americans-compare-with-the-global-middle-class/ https://www.pewresearch.org/fact-tank/2015/07/09/how-america...
- ctdonath 5y agoThat's accounting for PPP adjustments. Poverty line is a published official statement. Percentile of world incomes, PPP adjusted, are easily found. Find and compare them.