• ulterno@programming.dev
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    8 hours ago

    $7/day

    Going with the dollar value doesn’t do much and is not a good enough indicator.
    If a community were almost fully bartering and had all means of production, or had their own local currency, which they then didn’t trade with the Govt, you could also get similar values.

    There are better ways to prove your point, like the level of adulteration in basic food resources, the quality of housing etc.

    If you still want to go with the dollar value, you need to then normalise it using a price index, which you can create against the dollar value of certain types of goods, which then have to be calculated for similar products in both places (the country with the source currency and the one you are comparing it with).