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[-] papertowels@lemmy.one 0 points 5 months ago* (last edited 5 months ago)

Since you bring up their income, do you have some data for the flip side of the coin - how much was cost of living for those people? I grew up with my Chinese dad telling me about buying the day's vegetables for like a nickel. Granted that was before the 80s, so I'd be interested in any data you have to share.

I'm not op.

Also, a bit of a wry aside, you might actually struggle to find people voicing their dissatisfaction due to the fear of the government relayed multiple times in the article :)

[-] Objection@lemmy.ml 2 points 5 months ago

The $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.

[-] papertowels@lemmy.one 3 points 5 months ago

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.

this post was submitted on 19 May 2024
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