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You're probably aware but for anyone not familiar, the economic term you're describing is called "purchasing power parity" (PPP) and I seem to remember that Chi
by hotpotamus 3y ago
You're probably aware but for anyone not familiar, the economic term you're describing is called "purchasing power parity" (PPP) and I seem to remember that China had more or less matched the US in PPP terms some time ago.
I can say this - as much issue as I might have working in software development, I'm definitely not interested in moving to some other state to work on ammunition presses or whatever it would be to contribute to some foreign war. Even if I believed (which I do) that we are more or less on the righteous side.
- pylua 3y agoPeople probably would move if the jobs paid well and the housing cost was affordable. The reality is that the United States has priced its people out.
- hotpotamus 3y agoYes, I don't know what "ammunition press operator" or whatever pays, but I doubt it's enough to put the kids through college in any state in the country these days. Somehow the military industrial complex is as profitable as ever though.
- riku_iki 3y ago> "purchasing power parity" (PPP) this is usually heavily weighted by consumer basket, meaning China has cheap rice, clothes and basic services, but PPP for oil, cars, aircrafts, ships, industrial machinery will be equal.