[extropy-chat] Seven cents an hour?

[Rik van Riel]

On Fri, 11 Nov 2005, Joseph Bloch wrote:

> I've always wondered about those statistics, which say that people in 
> under-developed countries make $x an hour. Do those figures take into 
> account the buying power of a dollar in that country?
> 
> As in, if a gallon of cooking oil costs $2 in the United States, and 
> $0.02 in Mozambique,

... then somebody would buy up all the cooking oil in Mozambique,
ship it off to the USA and sell it here.

Huge buying power differential is mostly ficticious in a global
economy.

-- 
"Debugging is twice as hard as writing the code in the first place.
Therefore, if you write the code as cleverly as possible, you are,
by definition, not smart enough to debug it." - Brian W. Kernighan