Demolagilbert's Posts
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i see pple do this sort of comparison a lot, and it is economically wrong. You need to consider purchasing power parity btw countries. You need to consider first what is the avg annual earning of a low to middle class person in that cairo, or the us or the uk or whichever countries you wanna juxtapose figures with. Then you consider the purchasing power parity of your country Nigeria, where the avg annual earning of someone who makes 120k a month, would be just about 2500+ dollars a year. Now consider, how many ppl in Nigeria in 2018 currently make even this abysmal 120k per month. That is how it is done. You dont compare someone who is in the US doing a shoddy menial job and making 10 dollars or more an hour, to a Nigerian who is making 10 dollars for a whole day job, whilst in a bank, wearing a tie, and thinking he is a big boy. With a year of savings a student who has a good side job like a nursing assistant in the US can save 15000 dollars, and buy a venza. Heck my ex just did. And she isn t evn middle class yet. some Apartments in california or new york can charge in tens of thousands a month. So such comparison without considering purchasing power parity, is a faulty one |
CodeTemplar:i needed to quote you cos i see pple do this sort of comparison a lot, and it is economically wrong. You need to consider purchasing power parity btw countries. You need to consider first what is the avg annual earning of a low to middle class person in that cairo, or the us or the uk or whichever countries you wanna juxtapose figures with. Then you consider the purchasing power parity of your country Nigeria, where the avg annual earning of someone who makes 120k a month, would be just about 2500+ dollars a year. Now consider, how many ppl in Nigeria in 2018 currently make even this abysmal 120k per month. That is how it is done. You dont compare someone who is the us doing a shoddy menial job and making 10 dollars or more an hour to Nigerian some of who are making 10 dolllars for a whole day job, whilst in a bank, wearing a tie, and thinking he is a big boy. With a year of savings a student who has a good side job like a nursing assistant in the US can save 15000 dollars, and buy a venza. Heck my ex just did. And she isn t evn middle class yet. some Apartments in california or new york can charge in tens of thousands a month. So such comparison without considering purchasing power parity, is a faulty one |
daomi:Product can be delivered to you in Lagos and Ibadan. Of course, the product can be waybilled to other locations asides these. Kindly call or whatsapp. Cheers |
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