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That’s the point. The PPP index is also flawed in many ways. This shows the limitations of any such index more clearly.
by zeckalpha 5y ago
That’s the point. The PPP index is also flawed in many ways. This shows the limitations of any such index more clearly.
- mohanmcgeek 5y agoWhy is the PPP index flawed?
- zeckalpha 5y ago> Labour and tax components of the costs are wildly different in countries. Raw materials might be almost irrelevant in some places.
- mohanmcgeek 5y agoPPP calculations include tax and Labour cost. Not just raw materials.