3 ms·
even if the ruble recovers, the gdp per capita of russia is ~$12,000. $9 delivered food is very expensive when you're only making $1000/month. The american GD
by LegitShady 5y ago
even if the ruble recovers, the gdp per capita of russia is ~$12,000.
$9 delivered food is very expensive when you're only making $1000/month. The american GDP per capita is ~$69,700. That $9 meal is like spending $50 in the US it's not throwaway money for the average person.
- heavyset_go 5y agoGDP doesn't reflect household incomes[1]. [1] https://commons.m.wikimedia.org/wiki/File:US_GDP_per_capita_vs_median_household_income.png https://commons.m.wikimedia.org/wiki/File:US_GDP_per_capita_...
- LegitShady 5y agothis is true for russia as well.
- zdragnar 5y ago> But the ruble has crashed hasn’t it? So $8 could be a lot of rubles. is the point I was replying to. Yes, there's a cost of living difference, as well as an income difference. Whether that is new or just a simple fact (such as is the case in pretty much any country with different economics than the US) depends on whether the ruble has been affected by the economic sanctions.
- TaylorAlexander 5y agoMy understanding is that the ruble has been in decline since well before the sanctions. I wasn’t just talking about the recent changes. EDIT: yeah so it started to tank in 2014 https://www.xe.com/currencycharts/?from=RUB&to=USD&view=10Y https://www.xe.com/currencycharts/?from=RUB&to=USD&view=10Y