macdelamemes
macdelamemes t1_iy3ulkn wrote
Reply to comment by 40for60 in Charted: Income Distributions in 16 Different Countries by TheThinker12
I don't know if you know what PPP is bit it's definitely not much higher in the US than it is in just about all countries. https://data.oecd.org/conversion/purchasing-power-parities-ppp.htm
macdelamemes t1_iy2shrh wrote
Reply to comment by Zagacity in Charted: Income Distributions in 16 Different Countries by TheThinker12
Exactly. Bottom 10% in the US make 4k USD/year. 300 dollars in the US means you don't have enough to rent even the cheapest shitty room in a big city, let alone afford food, transportation, healthcare etc.
Meanwhile 300 dollars per month in Brazil for example, while being far from ideal, will probably be enough to get you a roof over your head and enough cheap food, meaning you'll be poor but not homeless.
Doesn't mean Brazil is better than the US, but it's nonsense to compare income distribution without taking into acount purchasing power parity
macdelamemes t1_iy45ind wrote
Reply to comment by 40for60 in Charted: Income Distributions in 16 Different Countries by TheThinker12
Again I don't think you understand what we're talking about... This is a link to GDP PPP. I'm not saying the US sucks I'm just saying 100 dollars in the US buys less stuff than 100 dollars in Indonesia.