PugJesus@lemmy.world to Political Memes@lemmy.worldEnglish · 1 month agoAh, the true path to socialism!lemmy.worldimagemessage-square94fedilinkarrow-up1680arrow-down154
arrow-up1626arrow-down1imageAh, the true path to socialism!lemmy.worldPugJesus@lemmy.world to Political Memes@lemmy.worldEnglish · 1 month agomessage-square94fedilink
minus-squareOBJECTION!linkfedilinkarrow-up4arrow-down2·1 month agoThe $2 per day is a figure used by the World Bank. According to this page: The welfare of people living in different countries can be compared by adjusting for differences in the purchasing power of their currencies. I don’t know the exact details of the World Bank’s methodology, but I believe the $2 figure is adjusted based on purchasing power.
minus-squarepapertowels@lemmy.onelinkfedilinkarrow-up3·1 month agoThat sent me down a cool rabbit hole, thanks! Industrialization is a hell of a drug. During the same period apparently the wealth gap shot up, so chinas got that to contend with. Best of luck to them.
The $2 per day is a figure used by the World Bank. According to this page:
I don’t know the exact details of the World Bank’s methodology, but I believe the $2 figure is adjusted based on purchasing power.
That sent me down a cool rabbit hole, thanks!
Industrialization is a hell of a drug. During the same period apparently the wealth gap shot up, so chinas got that to contend with. Best of luck to them.