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A comment on Global economic inequality: what matters most is where you are. Parent comment

Re:Global economic inequality: what matters most is where yo... by commandlinefan on Friday December 10, 2021 @05:34PM (#29516277)
What does PPP stand for in this context? I was confused by his example, too - it seems like he's suggesting that if somebody is paid less but has a proportionally smaller cost of living, I should still feel bad about that? Am I being insensitive for not? I feel sorry for people who are living in squalor, not people who have similar lives to my own.
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Re:Global economic inequality: what matters most is where yo... by s1artibartfast on Friday December 10, 2021 @05:52PM (#29516468)
PPP = Purchasing Power Parity. It is exactly as you described. We have the same purchasing power if in my city I make $10/day and a beer costs me $10, while in your city, you make $5/day and a beer costs $5.
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