|
|
|
|
|
by matwood
596 days ago
|
|
I'm not disagreeing with you that people are definitely struggling, but it's hard to see numbers like what you present w/o also numbers on what it cost to live per day. Is it an extreme case of CA vs WV or is it like someone making $7/day living in CA? |
|
> w/o also numbers on what it cost to live per day.
This is what “PPP” is all about, that’s referring to a normalized purchasing power parity that is specifically designed to help you understand what $7/day actually means: it means what you think it does, and it is supposed to compare directly to the amount of money it costs you to feed yourself every day.
https://en.wikipedia.org/wiki/Purchasing_power_parity