Quote (Black XistenZ @ Jul 19 2020 06:51pm)
Are the numbers in the chart on the left inflation-adjusted? Because if not, then 21k in 1990 is almost certainly better than 26k in 2019.
yes, its GDP-PPP
https://en.wikipedia.org/wiki/Purchasing_power_parityQuote
1. You definitely need to look into the method, because we both know Russia's oligarchs aren't exactly honest in reporting their numbers.
2. The USSR fell in 1991, so the graphs aren't a meaningful before and after comparison. It's expected that income will fall after a major political upheaval. What's the comparison like before then?
what, was the USSR more known for honest reporting than Russian oligarchs?
The difference between life in Russia today and life in Russia in the 1990s is that you don't deal with rampant corruption and black markets in daily life, there are doctors and white collar workers everywhere in a developed economy and the supermarkets actually have food on their shelves.
Anyone who actually thinks this is a comparison at all has no perspective. I mean ink gets a pass because he thinks Pol Pot's killing fields were just a good start, but anyone with their feet on the earth and eyes not lidlessly fixated on the sun should recognize that the qualify of life in Russia has completely skyrocketed under Putin to become vastly better than the horrors of the USSR or the broken post-collapse society, rapidly developing into a modernized country. Your average Russian growing up today have reasonably close to the same quality of life as someone in Europe or America, instead of standing a line waiting for a handout of borscht while men with guns demand a bribe as their country falls apart. Russia's got its own problems as an exporting petro-economy crippled by competition on the world stage, but the effect on average citizens in Russia is like what the US economy has during a recession, not mass starvation in another Holodomor.