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About half of NYC population is below the poverity line. If you cannot make your ends meet, you are considered poor. The average GDP means nothing. Those wall street tycoons can make billions, but the poor mainstreet guy makes minimum wages.
Quote:
Originally Posted by OPEIJSJD
Cities with a high population means nothing.
Mexico City has a higher GDP per capita than Shanghai, and yet still considered poor by most Americans.
Cities with a high population means nothing.
Mexico City has a higher GDP per capita than Shanghai, and yet still considered poor by most Americans.
Shanghai has lower GDP per capita as Shanghai population is dilute with mass migrators from rural area. Lower down the average GDP per capita. Shanghai is a Alpha plus city (same level as HK, Tokyo, Singapore, Paris) while Mexico City is not.
About half of NYC population is below the poverity line. If you cannot make your ends meet, you are considered poor. The average GDP means nothing. Those wall street tycoons can make billions, but the poor mainstreet guy makes minimum wages.
No, only around 20% of NYC is below the poverty line.
Where did you get "about half"? Even in Detroit nowhere close to half the people are poor.
And the U.S. poverty line is much higher than the median income in China. It's more than twice the median income in China.
Shanghai has lower GDP per capita as Shanghai population is dilute with mass migrators from rural area. Lower down the average GDP per capita. Shanghai is a Alpha plus city (same level as HK, Tokyo, Singapore, Paris) while Mexico City is not.
I have no idea what "Alpha plus city" means, but Mexico City is richer than Shanghai. It has a higher median income. It looks and feels richer, and indeed it is richer.
And anyone who thinks Shanghai is the economic equivalent of HK, Tokyo, Singapore or Paris is taking some serious drugs. Shanghai is still a poor developing world city, no matter how many flashy skyscrapers are built.
No, only around 20% of NYC is below the poverty line.
Where did you get "about half"? Even in Detroit nowhere close to half the people are poor.
And the U.S. poverty line is much higher than the median income in China. It's more than twice the median income in China.
Direct comparison means nothing when we talk about poverty. One can live OK with $300 per month in Chinese cities (if he has a place to live already), but one cannot survive with that money in the US.
For poor people, what they need is food, clothes, basic means of transportation and so on. China provides those things in much lower prices.
Direct comparison means nothing when we talk about poverty. One can live OK with $300 per month in Chinese cities (if he has a place to live already), but one cannot survive with that money in the US.
For poor people, what they need is food, clothes, basic means of transportation and so on. China provides those things in much lower prices.
Not true. Consumer prices are generally higher in China. Real estate is generally more expensive. And China has almost no safety net. Someone earning $300 per month in the U.S. is getting hundreds a month in govt. food support alone.
A very poor person in a first world country lives much better than a very poor person in China. I mean, it isn't even close. The poorest 20% of Americans would be among the richest 40% or so of Chinese.
I have a couple of things to say about this comment.
Firstly, yes, the younger generation is losing the ability to speak Shanghainese. I have numerous friends from the city and none of them have children that can speak it. Even the ones who live in Shanghai can't speak it.
Secondly, it is a SHAME that younger Shanghainese are losing their language. Such an important language to Chinese culture and identity is truly being crushed by the oppressive hand of communism. Absolutely saddening if you ask me and I feel blessed to have been surrounded by this endangered language for the past six years of my life through friends and loved ones.
On the topic at hand, I would like to think that Shanghai will pass Tokyo someday, but right now I still have a few doubts that it will happen. Shanghai is still 11 million people behind and growth rates are down from last decade. At the current rate it would take until the 2030s for Shanghai to pass Tokyo and so many things can change between now and then.
What's the youngest generation that speaks Shanghaiese as a rule? Post 70s? Post 80s? Post 90s? Is it completely dead among children, or just fading rapidly?
Not true. Consumer prices are generally higher in China. Real estate is generally more expensive. And China has almost no safety net. Someone earning $300 per month in the U.S. is getting hundreds a month in govt. food support alone.
A very poor person in a first world country lives much better than a very poor person in China. I mean, it isn't even close. The poorest 20% of Americans would be among the richest 40% or so of Chinese.
This is why I'm skeptical of the idea China is doing "so well" economically right now. There might be more money shoveling through the country but if China is so modern and rich now, how come nobody can afford to live in all their "ghost cities" or shop in their empty malls?
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