Looks like they’re having a similar problem as we do.
Pay me more and I’ll be willing to spend more.
Sorry I know that’s a radical leftist communist Venezuela socialisim I just did there… Really what we should be doing is asking billionaires to take more of my salary while I also buy more of their products to help the poor poor billionaire who just needs some more support to get by.
This is double wrongthink, comrade. We’ll never achieve communism by giving workers control over the means of production and improving pay and working conditions. We must instead increase the power and wealth of capitalists by exploiting the workers even harder. This will increase the inherent contradictions in capitalism until somehow, at some unspecified future date, the perfect communist society will naturally arrive without any need to question or challenge the ruling party or wealthy business owners.
$1.80, that’s what cost.
I mean, wonder what proportionally to salary that would be like. So Americans make on average 58000$, and they aren’t willing to spend 10$ (pulling the number out of my arse here, no idea what 1.8$ meal is in China) on McDonald’s, for a total of 5800 meals.
Chinese make around 7000$ a year, and aren’t willing to spend 1.8 on a meal, around 3888 meals.
Americans aren’t doing tooo bad
Chinese make around 7000$ a year
Median salary in China is $3800 /mo. Closer to $45k/year.
?
Monthly salary in Chinahttps://www.statista.com/statistics/278349/average-annual-salary-of-an-employee-in-china/
https://www.salaryexplorer.com/average-salary-wage-comparison-china-c44
A person working in China typically earns around 29,400 CNY. Salaries range from 7,410 CNY (lowest average) to 131,000 CNY (highest average, actual maximum salary is higher).
Take your pick. But both are substantially higher than your estimate.
those data are somewhat accurate in beijing/shanghai/shenzhen, but in no way does it reflects average salary in the whole country. even in tier1 cities 10k average is only achieveable for white collar working class people. a typical blue colloar worker earn around 4k by contrast. people from tier 2/3/4 cities earn way less.
https://rsj.beijing.gov.cn/bm/ywml/202007/t20200717_1950961.html
in no way does it reflects average salary in the whole country
The whole country isn’t urbanized and proletarianized, yet. If you go far enough into the Eastern rural districts, you’re not going to find malls full of fast food restaurants much less salary workers looking to pinch their renminbi.
