schizoidman@lemm.ee to World NewsEnglish · 6 days agoChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comexternal-linkmessage-square55fedilinkarrow-up1117arrow-down15cross-posted to: world@lemmy.world
arrow-up1112arrow-down1external-linkChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comschizoidman@lemm.ee to World NewsEnglish · 6 days agomessage-square55fedilinkcross-posted to: world@lemmy.world
minus-squarescarabic@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down4·6 days agoWhile it’s good data to see, I’m always suspicious of celebrating the fact that people have gone from earning $2 per day to $5 per day as “eradicating poverty.”
minus-squareCowbee [he/they]linkfedilinkarrow-up10·6 days agoYou can check the real wages and purchasing power parity, moreover more than doubling earnings is a large feat.
minus-squarescarabic@lemmy.worldlinkfedilinkEnglisharrow-up1·4 days agoCould you point out the purchasing power data? It’s a 93 page report and I don’t see any heading on that in the table of contents.
minus-squarescarabic@lemmy.worldlinkfedilinkEnglisharrow-up1·4 days agoLine go up. But that appears to be a GDP graph, not a chart of purchasing power. Am I missing something?
minus-squareCowbee [he/they]linkfedilinkarrow-up2·3 days agoThis is adjusted for PPP, Purchasing Power Parity.
While it’s good data to see, I’m always suspicious of celebrating the fact that people have gone from earning $2 per day to $5 per day as “eradicating poverty.”
You can check the real wages and purchasing power parity, moreover more than doubling earnings is a large feat.
Could you point out the purchasing power data? It’s a 93 page report and I don’t see any heading on that in the table of contents.
Line goes up.
Line go up. But that appears to be a GDP graph, not a chart of purchasing power. Am I missing something?
This is adjusted for PPP, Purchasing Power Parity.