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this post was submitted on 13 Aug 2023
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the_dunk_tank
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https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm
Purchasing power parity of China is 4.022. So let's look at the overall poverty line of $2.30 in China. That would be equalivent to $9.25 a day in America, or $3,376 a year.
China makes their poverty rates appear so low by making their poverty line absolutely ridiculous and actually much lower than comparable countries.
Of course I couldn't any PPP rates for just rural China (although it's pretty obvious $3,376 isn't going to suddenly becoming $30,000 because it's rural), but see this:
29% of people who are not objectively poor feel subjectively poor?
I said that amount is livable in China. That study is about people's feelings. Hardly related
Not to mention I work in Silicon Valley as a software engineer and it's literally common for people here to be making 200-400k to complain about being poor and not saving much all the time
How many people living in the Midwest or the south on a 20k salary do you think would feel subjectively poor?
Conveniently ignoring the fact a $3.3k salary isn't livable anywhere in America.
Spoiled middle class westerners complaining about being poor is totally different LMAO. Americans will complain about being poor when living in a decent house in suburb, being poor is seen totally different in 2nd and 3rd world countries that are, yknow, struggling much moreso.
Well that's why the American poverty line has been calculated to be 14500
14500 is the poverty line in America and 845 is the poverty line in China
PPP isn't a perfect comparison between every single combination of all 200 countries in the entire world
But the poverty line is specifically calculated for every single country
Lol. $845/yr is the number the CCP conveniently made up to make poverty rates seem lower than they actually are. If the poverty line was the same as comparable countries to China, it would be almost double ($5.50 a day instead of $2.30, or adjusted for PPP $8k/yr instead of $3.3k).
Despite the fact that China is classified as an upper-middle income country, China’s official poverty line is only a little higher than the universal global poverty line. Applying the World Bank upper-middle income poverty line of $5.50/day to China would mean almost a quarter of Chinese still live in poverty.
Living standards in China have skyrocketed in the same period that they have collapsed in the West and stagnated in other developing countries like India. So what exactly is your point? That China is not a workers utopia? Or what? Can you not understand the difference between the trajectory of the Chinese working class compared to the US?
It’s very complex to compare income equivalents across such different countries and does not necessarily give an accurate indication of living standards anyway. The Chinese government has the kind of support that Western governments could only dream of. That is because for most Chinese people, they can see their lives are getting better and their children will have better lives still. Can the same be said in any Western country?
13% = 25%? (from a very biased source too btw)
Despite China "still being poor" or whatever, the fact of the matter is that povery line go sharply down so China is becoming more gooder by the year. While in the country whose policies you support, poverty line stay same, not become gooder.
https://www.macrotrends.net/countries/CHN/china/poverty-rate
Ok but that's for 2019, the source I listed has info for 2021.
Halved, in two years? Be realistic. Some random ass NPR article?
If we're talking about validity of sources, NPR is a more trustworthy source than a shady investment site. You're not paying attention.
Hm what's this?
I know, but what outlets does the World Bank get its data from for a given state? And why didn't you link TWB directly instead of going through macrotrends? Answer: You don't know what you're talking about, and you're not paying attention.
Cleaner and quicker presentation of data.
Its ok to do bad research by pursuing expediency over credibility, nobody is perfect, just do better next time.
Oh wow a 0.5% difference! Those are the rounded values foolish tankie.
I know lol but you still don't get to make that comment when you couldn't even find the data yourself you incompetent fool. Bernie would be very disappointed.
(Also the same entity that gave such data to TWB has this to say about China lmfao)
Don't care didn't ask. I linked the same data.
I don’t know why anyone is still bothering to reply to this very obvious CIA bot.
L 😂
Ok lol? There are people who make 200k a year in San Francisco who feel "subjectively poor" when they make over 3x the median household income of the city and claim that there's no way anybody can live off that
So fucking what?