Cost of living does not seem to factor in that argument at all. Someone who makes $5000 a year in Guatemala or Nepal arguably has a higher quality of living than someone barely scraping by on a working class (less than $40K) income in a developed country.
$32K a year in Los Angeles and New York is only going to get you a moldy basement with roommates or a dingbat apartment built back in the 1950s. Whereas you can live like a king in a lot of third world countries at a $100 to $300 a month budget.
$32K a year in Los Angeles and New York is only going to get you a moldy basement with roommates or a dingbat apartment built back in the 1950s. Whereas you can live like a king in a lot of third world countries at a $100 to $300 a month budget.
You need to take into account the cost of living and compare the revenue after taxes
According to http://www.globalrichlist.com/ if you make more than $32,000 you are among the richest people in the world.
Also if you have more than 1400 bitcoins you can consider yourself among the wealthiest 1% in the world along with the Rockafellers and Venderbuilts.
Also if you have more than 1400 bitcoins you can consider yourself among the wealthiest 1% in the world along with the Rockafellers and Venderbuilts.
This is a clear reminder of how poor most of the world is.
Oh wow that was so well put that I had to quote it and point out for anyone else who may have missed your post. That is such a great example of how bad things really are. I commend you for hitting the nail right on the head.
The world has never been so wealthy, tens to hundreds of millions of persons go out of extreme poverty every year; 1billion persons went out of extreme poverty in asia in a few decades
