this post was submitted on 30 Aug 2023
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chapotraphouse
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A very large part of Chinese income inequality is the huge rural-urban divide. All countries have it but its an order of magnitude worse in China so there are basicaly 2 different countries within China . Having 300 million people in the biggest cities earning western levels of income and 300 million people in rural small towns and villages earning a 4th of that skews the metric a lot EVEN tho life in rural ereas is indeed that much cheaper.Thats hugely different than wages in London being 1.5 times more than "rural" england but prices becides rent being almost at the same level. And thats besides talking about wealth vs income inequality