this post was submitted on 19 May 2024
675 points (93.2% liked)

Political Memes

5236 readers
1806 users here now

Welcome to politcal memes!

These are our rules:

Be civilJokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.

No misinformationDon’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.

Posts should be memesRandom pictures do not qualify as memes. Relevance to politics is required.

No bots, spam or self-promotionFollow instance rules, ask for your bot to be allowed on this community.

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 0 points 4 months ago* (last edited 4 months ago) (1 children)

Since you bring up their income, do you have some data for the flip side of the coin - how much was cost of living for those people? I grew up with my Chinese dad telling me about buying the day's vegetables for like a nickel. Granted that was before the 80s, so I'd be interested in any data you have to share.

I'm not op.

Also, a bit of a wry aside, you might actually struggle to find people voicing their dissatisfaction due to the fear of the government relayed multiple times in the article :)

[–] [email protected] 2 points 4 months ago (1 children)

The $2 per day is a figure used by the World Bank. According to this page:

The welfare of people living in different countries can be compared by adjusting for differences in the purchasing power of their currencies.

I don't know the exact details of the World Bank's methodology, but I believe the $2 figure is adjusted based on purchasing power.

[–] [email protected] 3 points 4 months ago

That sent me down a cool rabbit hole, thanks!

Industrialization is a hell of a drug. During the same period apparently the wealth gap shot up, so chinas got that to contend with. Best of luck to them.