PugJesus@lemmy.world to Political Memes@lemmy.worldEnglish · 6 months agoAh, the true path to socialism!lemmy.worldimagemessage-square110fedilinkarrow-up1730arrow-down154
arrow-up1676arrow-down1imageAh, the true path to socialism!lemmy.worldPugJesus@lemmy.world to Political Memes@lemmy.worldEnglish · 6 months agomessage-square110fedilink
minus-squareOBJECTION!@lemmy.mllinkfedilinkarrow-up4arrow-down2·6 months 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-up3·6 months 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.