- cross-posted to:
- china@lemmygrad.ml
- cross-posted to:
- china@lemmygrad.ml
You must log in or register to comment.
Except like most places, rises in per capita income are disproportionately driven by increases in the pay for the top 1%, and most people probably didn’t see a dime of this.
Meanwhile, in the real world…
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
From 1978 to 2000, the number of people in China living on under $1/day fell by 300 million, reversing a global trend of rising poverty that had lasted half a century (i.e. if China were excluded, the world’s total poverty population would have risen) https://www.semanticscholar.org/paper/China’s-Economic-Growth-and-Poverty-Reduction-Angang-Linlin/c883fc7496aa1b920b05dc2546b880f54b9c77a4
From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. https://data.worldbank.org/indicator/SI.DST.FRST.20?end=2019&locations=CN&start=2008
By the end of 2020, extreme poverty, defined as living on under a threshold of around $2 per day, had been eliminated in China. According to the World Bank, the Chinese government had spent $700 billion on poverty alleviation since 2014. https://www.nytimes.com/2020/12/31/world/asia/china-poverty-xi-jinping.html
Real wage (i.e. the wage adjusted for the prices you pay) has gone up 4x in the past 25 years, more than any other country. https://www.youtube.com/watch?v=Cw8SvK0E5dI
It seems is not the case. From the linled doc:
in 2023, the median of the nationwide per capita disposable income was 33,036 yuan, an increase of 5.3 percent, and the median was 84.2 percent of the average. Among them, the median of the per capita disposable income of urban residents was 47,122 yuan, an increase of 4.4 percent, and the median was 90.9 percent of the average; the median of the per capita disposable income of rural residents was 18,748 yuan, an increase of 5.7 percent, and the median was 86.4 percent of the average.
