Hacker News new | ask | show | jobs
by iflint 1274 days ago
Agreed that context is extremely important. Income is an imperfect measure of buying power, since prices vary significantly based on geography, but it is still a measure, and in the context of globally traded commodities such as energy or fertilizer it is quite important. The price of oil or fertilizer is likely very similar (if not more expensive) in Cambodia compared to a place like the US.