Re:Will China’s Economy Hit a Great Wall?
by james_s_tayler on Wednesday January 16, 2019 @02:19AM
(#18918888)
You're both correct but relatively so.
You're thinking about the poverty line of $1.90 a day, what the late Hans Rosling would refer to as Level 1. And you're spot on.
Relatively speaking though anyone living on level 4 feels like level 2 or 3 is 'poverty' in comparison. From that perspective there is still a lot of potential upside and maybe that's what the parent was trying to say?
You're thinking about the poverty line of $1.90 a day, what the late Hans Rosling would refer to as Level 1. And you're spot on.
Relatively speaking though anyone living on level 4 feels like level 2 or 3 is 'poverty' in comparison. From that perspective there is still a lot of potential upside and maybe that's what the parent was trying to say?