this post was submitted on 22 Feb 2024
53 points (85.3% liked)

World News

33484 readers
669 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] SeaJ@lemm.ee -4 points 1 year ago (1 children)

Median would definitely give a more realistic picture considering how bad wealth inequality is in China.

[–] davel@lemmy.ml 6 points 1 year ago (1 children)
[–] SeaJ@lemm.ee 2 points 1 year ago* (last edited 1 year ago)

The Gini coefficient is the one that measures income inequality. China's is roughly where the US is at in that measure which is to say extremely unequal at around 47:

https://web.archive.org/web/20240211041900/https://www.economist.com/finance-and-economics/2021/10/02/just-how-dickensian-is-china