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Here in India, the income disparity is becoming near comical. Mid level management at bloated unprofitable startups are making 40-50x the annual income of a mai
by spaceman_2020 3y ago
Here in India, the income disparity is becoming near comical. Mid level management at bloated unprofitable startups are making 40-50x the annual income of a maid.
Condos in Delhi regularly sell for half a million dollars and higher.
Meanwhile the government had to extend a free food scheme for 800M people by another 5 years and reduce the price of cooking fuel by 40% because the majority can’t afford to eat.
- boringg 3y agoThat sounds like a potentially explosive social situation.
- spaceman_2020 3y agoThe government has kept that at bay so far with welfare schemes, religion, and nationalist propaganda. Don't know how sustainable that is. There is massive flight of talent already. Even as someone who makes good money, increasingly starting to feel that any semblance of a "good life" is unaffordable here. The discourse among my friends - all well-paid mid-career professionals - was that it's often cheaper to fly out to a country like Thailand and stay in a good resort, than to have a holiday in India.
- JambalayaJim 3y agoI’m not following your two sentiments. With high income disparity, isn’t it extremely cheap for high earners to go on holiday? Where I assume the restaurant and hotel staff are paid poorly?
- spaceman_2020 3y agoIncomes have risen so sharply for high earners that the supply for hotels, cabs, flights hasn’t kept pace with demand from this segment. Hence the unaffordability.