So China has a smaller percentage of its population below 10k USD net worth despite having a 45% lower cost of living? That’s a pretty big difference in the number of people who can live comfortably. I’m willing to sacrifice people’s ability to be ludicrously rich for that.
And yet most americans think chinese people live in dirt huts wearing rags, and are forced into slave labor. I wonder if there will ever be a time when politicians stop lieing for their country.
Guess it depends which part of the graph you are on.
So China has a smaller percentage of its population below 10k USD net worth despite having a 45% lower cost of living? That’s a pretty big difference in the number of people who can live comfortably. I’m willing to sacrifice people’s ability to be ludicrously rich for that.
And yet most americans think chinese people live in dirt huts wearing rags, and are forced into slave labor. I wonder if there will ever be a time when politicians stop lieing for their country.