@[email protected] to World [email protected]English • 3 months agoChina's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report saysfortune.comexternal-linkmessage-square55fedilinkarrow-up1116arrow-down15cross-posted to: [email protected]
arrow-up1111arrow-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 • 3 months agomessage-square55fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilinkEnglish-3•3 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]linkfedilink10•3 months agoYou can check the real wages and purchasing power parity, moreover more than doubling earnings is a large feat.
minus-square@[email protected]linkfedilinkEnglish1•3 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@[email protected]linkfedilinkEnglish1•3 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]linkfedilink2•3 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.