@[email protected] to World [email protected]English • 2 months agoChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comexternal-linkmessage-square41fedilinkarrow-up184arrow-down15cross-posted to: world
arrow-up179arrow-down1external-linkChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.com@[email protected] to World [email protected]English • 2 months agomessage-square41fedilinkcross-posted to: world
minus-square@scarabiclinkEnglish-3•2 months 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]linkfedilink7•2 months agoYou can check the real wages and purchasing power parity, moreover more than doubling earnings is a large feat.
minus-square@scarabiclinkEnglish1•2 months 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-square@scarabiclinkEnglish1•2 months 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]linkfedilink1•2 months 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.