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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to China@lemmygrad.mlEnglish · 5 days ago

Wages in China have increased by 500% from 1994 to 2024, by far the highest rate of increase of any country

www.visualcapitalist.com

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Wages in China have increased by 500% from 1994 to 2024, by far the highest rate of increase of any country

www.visualcapitalist.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to China@lemmygrad.mlEnglish · 5 days ago
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Charted: How Daily Incomes Have Changed in Top Economies (1994-2024)
www.visualcapitalist.com
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Tracking per capita daily median incomes between 1994 and 2024 for 20 countries reveals where the most income growth has occurred.
  • cfgaussian@lemmygrad.ml
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    5 days ago

    A 500% increase in wages and yet i still keep reading on Hexbear in very well upvoted comments that wages in China are stagnating and that workers have seen no increase in their standard of living despite the economic growth because China is neoliberal. Not pointing any fingers at any particular commenter…

    • SouffleHuman@lemmy.ml
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      5 days ago

      China lost 36% of its billionaires to years of economic troubles and crackdowns

      The hilarious thing is that the number of billionaires in China is actually dropping quite rapidly despite sustained growth. That’s the complete opposite of what you would get in a neoliberal economy.

    • Thordros [he/him, comrade/them]@hexbear.net
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      5 days ago

      jesse-wtf

      Name names. Don’t be a vagueposting coward.

      • Frogmanfromlake [none/use name]@hexbear.net
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        5 days ago

        It’s Xianhongshu they’re talking about

    • ☭ 𝗚𝗿𝗮𝗶𝗻𝗘𝗮𝘁𝗲𝗿 ☭@lemmygrad.mlM
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      5 days ago

      completely unrelated, but does anyone remember the name of that Chinese social media platform that blew up in the US at the beginning of the year

      • ☭ Comrade Pup Ivy 🇨🇺@lemmygrad.ml
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        5 days ago

        I know in English its red note

        • Xavienth@lemmygrad.ml
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          5 days ago

          小红书 xiaohongshu

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