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Re:For the first time, less than 10% of the world is living ... by solutionyogi on Wednesday December 16, 2015 @12:55AM (#10742641)
I was born and brought up in India. When I was going to school in 1990, my dad used to earn around 6,000 INR / month (120$/month, exchange rate was 50 back then). We ate out probably once every few months but even then, the salary was enough to feed family of 5 and send me and my sisters to school. I think you lack the perspective on how poor India and China is.
Re:For the first time, less than 10% of the world is living ... by areyousure on Wednesday December 16, 2015 @12:19PM (#10745679)
This source https://en.m.wikipedia.org/wiki/Indian_rupee_exchange_rate_h... seems to suggest that the exchange rate was 1 USD < 20 INR throughout 1990. In fact, the exchange rate doesn't seem to have hit 50 until over twenty years later.
Re:For the first time, less than 10% of the world is living ... by HeyLaughingBoy on Wednesday December 16, 2015 @05:03PM (#10747695)
What's your point?
Re:For the first time, less than 10% of the world is living ... by areyousure on Thursday December 17, 2015 @01:15PM (#10753184)
It was simply a correction to the following portion: "6,000 INR / month (120$/month, exchange rate was 50 back then)". Assuming the accuracy of the salary, it appears the following is more accurate: "6,000 INR / month (300$/month, exchange rate was 20 back then)".