Line go up. But that appears to be a GDP graph, not a chart of purchasing power. Am I missing something?

Could you point out the purchasing power data? It’s a 93 page report and I don’t see any heading on that in the table of contents.

While it’s good data to see, I’m always suspicious of celebrating the fact that people have gone from earning $2 per day to $5 per day as “eradicating poverty.”

I have. It was rent, not groceries, but same conversation. Their feedback was consistent. “In the past, the government covered this entirely, but now we have to pay a part.”

I asked how that works when they are employed by the government, technically. The government is how they earn money to pay for the thing the government used to pay for. How does this make sense?

Their answer: “In the past, the government covered this entirely, but now we have to pay a part.”

“In most areas” is a very big cheat on this data though. With a great deal of wealth concentrated in the 1%, you can’t just leave out the 1% as an outlier and say that aside from them, things are pretty equal.

China’s wealth inequality overall has skyrocketed and is staggering, both because of its growing number of explosively wealthy, and the utter impoverishment of a large part of the population.

You’re making it sound like wage growth always perfectly balances with inflation. It doesn’t. Regular people get fucked when wage growth falls behind price growth, but they benefit if wage growth outpaces inflation, which it sometimes does. This means that inflation is not some ever present gotcha that always keeps the people down. It’s one factor in the equation.

On another point, can you explain why you think inflation benefits the ruling class, and deflation benefits the working class? Because you never explained this which gives the appearance that it’s based entirely on “when prices go up, ruling class win,” which is not always the case.

Yes that comment is 5% saying something and 95% shitting on unnamed people in an attempt to claim elite knowledge.