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You cannot live an equally good life in the developing world. That's a romanticization. First, the top 1% of India has purchasing power equivalent to just above the median purchasing power in the U.S.[1] "Upper middle class" in India is defined as $10-20 international dollars per day.[2] Second, even if you are top 1% in India living like a top 25% in Indiana, your life is one of walls and enclaves. My family was rich in the developing world. We would go from our house with its high wall and iron gate into our foreign car with driver and tinted windows. We would do anything we could to avoid having to interact with the people on the street, our supposed countrymen. The US has its enclaves, but I can get in a car and head to the relatively poor coastal town where my wife's parents grew up. I can go eat at the seafood shack by the side of the highway and consider it a treat. I can talk to the people and feel like we all live in the same country. That's living a good life. [1] See this article, for example: http://www.business-standard.com/article/economy-policy/the-.... The couple in the article (one a consultant, another a PR executive) makes 1.8 million rupees per year, equivalent to about $29k USD. Adjusted for purchasing power (http://en.wikipedia.org/wiki/Purchasing_power_parity), that's roughly equivalent to $70-80k USD. That's roughly at the top 1/3 mark of US household income, and probably not that far above median for US households where both people are working. As noted in this article, the couple is well within the top 1% of India, which starts at $1.25 million rupees per year. That level is equivalent to about the 57th percentile in the U.S. [2] http://www.dailymail.co.uk/indiahome/indianews/article-23271.... $20 PPP-adjusted dollars per day, or $7k/year is around the bottom 5% mark in the U.S. Only 4.6% of Indians have all four of these assets: a TV, a car or scooter, a landline or mobile phone, and a computer or laptop. Even people living in trailer parks in the U.S. will often have all four of these assets. |
Not really. You can't get as good in some aspects, but if you have the money (which is not difficult if you're being poached to work in Europe/the US) you can get beyond on some others.
Like big house with a pool and maids.
Very nice hotels/vacations for a price of an average hotel in Europe
"My family was rich in the developing world. We would go from our house with its high wall and iron gate into our foreign car with driver and tinted windows"
Spot on