Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

"Shit economy"?

Some places a dollar goes far, that cannot be construed as 'shit economy'. The place where a $10 USA haircut costs $0.5 need not be due to local (bad) economic situation. Similarly for food and other living essentials.



> Some places a dollar goes far, that cannot be construed as 'shit economy'

You're implying a strange causality.

The places with the highest PPP conversion factor are places like Colombia, Iran, Cambodia, Indonesia. The reason a dollar goes so far is because these places have no money. When controlling for PPP, 10% of the population of Cambodia lives on less than $2 per day.

So yeah, a dollar will go pretty far. And its because their economies are shit.


> ..Indonesia..

It is doing very fine. Thank you. https://www.marketwatch.com/story/indonesia-s-third-quarter-...

Since you are cherry picking examples, here are some more cherries. Countries where the amount of $ one needs to spend to get equivalent of $100 goods in USA:

Country $

------------

Turkey 36

Poland 52

Hungary 56

Mexico 56

Spain 84

Korea 88

Italy 89

Germany 95

Source: Wikipedia


Hmm, There is a certain trend here....

First world countries:

Spain 84

Korea 88

Italy 89

Germany 95

All close to 100. Developing nations:

Turkey 36

Poland 52

Hungary 56

Mexico 56

Are all much lower. Seems like enough cherries to me to conclude that developing nations with weaker economies have a higher PPP adjustment.


Agreed, the cheaper the service the more efficient economy they got.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: