• rexxit@lemmy.world
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    8 months ago

    It’s worth noting that Americans also must spend that income in a similarly-inflated market, so it doesn’t much matter what their salary would be worth in, say, Uganda. I think any such comparison of global wealth runs into these sorts of issues.

    Someone earning in the global top 10% may not be able to afford a house locally. Someone earning in the top 30% may not be able to afford rent and food at the same time in their locale. It makes the percentile meaningless.

    • fiat_lux@kbin.social
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      8 months ago

      Yep, this is after all adjustments using the United Nations SNA 2008. It’s not perfect, but it’s the closest we have for accounting for those differences.