It isnt a random london based think tank, PPP is a pretty standardized economic measure. It is one of the most used concepts in economics, especially when it comes to assessing wealth and quality of life. 100k in San Franscisco is basic wage, 100k in bumfuck South Carolina is “holy shit, you are rich”.
The specific numbers come from a random think tank though. Notably, they only list different, substantially higher numbers for Russia and China, and not any other country. It’s not a reliable source.
According to some random London-based think tank, yes.
It isnt a random london based think tank, PPP is a pretty standardized economic measure. It is one of the most used concepts in economics, especially when it comes to assessing wealth and quality of life. 100k in San Franscisco is basic wage, 100k in bumfuck South Carolina is “holy shit, you are rich”.
https://en.wikipedia.org/wiki/Purchasing_power_parity
The specific numbers come from a random think tank though. Notably, they only list different, substantially higher numbers for Russia and China, and not any other country. It’s not a reliable source.