Author: UYA

How does China have a low "cost of living"? [Copy link] 中文

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seneca Post time: 2018-9-15 15:29
But how many hundreds of millions of Chinese struggle to get US$ 1.25?

Must be a lot, since China has a lower Poverty rate.

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Post time 2018-9-15 22:21:28 |Display all floors
The standards of living of various countries can be measured by dividing the per capita GDP by the GINI coefficient (a measure of inequalty of incomes). Do that and you will see where all the countries stand. You could improve the estimate by multiplying the result by the life expectancy at birth. Such mathematical calculations are better than empty boasting or ideological ranting.
My problem is simple: I just know better than everyone-else!

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seneca Post time: 2018-9-15 18:51
The poor in mind should not judge the lifestyles of the economically poor. You have no idea how th ...

What are you talking about?
You have NO idea what its like being poor in America.
I SEE it EVERYDAY!

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Ted180 Post time: 2018-9-15 22:21
The standards of living of various countries can be measured by dividing the per capita GDP by the G ...

Not sure what formula the CIA used to come up with their stats.
But I'm sure the homeless on the streets in the US is a real reflection.

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