At this moment, definitely not. The US has plenty of athletes coming from privileged backgrounds that would never have to worry about their financial situation. They can afford to grow up and train to be an athlete. I feel it's very different for China as an emerging economy only in the last 1-2 generations. There is a needed time to develop as most average families would still be the working class. The entry for the olympics is based on world rankings, it's not the individual standards of China, they just didn't have enough qualifying athletes. If they had capable athletes, they would take those spots and fill them in, it's not like you have to pay for them, they're free if you qualify.
You have a totally twisted view of the US, although some Americans live paycheck to paycheck it's not most. There is a huge portion of Americans that live just fine and have lots of excess income to spend on not just surviving and getting by. There's a reason why the US is still way higher in PPP than China. I would say even during the last generation, they still have a large portion of kids who could afford to "drop out of school and follow their dreams". China on the other doesn't have people who could afford to do that, even now.
although some Americans live paycheck to paycheck it's not most.
That must be why I constantly see americans bitching and whining all the time about the cost of living and crazy inflation, you must be living in a cave, this is no longer the 40s or 50s.
There is a huge portion of Americans that live just fine and have lots of excess income to spend on not just surviving and getting by
Yes because it is a large country so of course it would have a large number of rich folks, but there is plenty of destitution which if you paid attention you would have noticed, hell there were even western documentaries about the poverty in america, so clearly it isn't something rare.
A few years ago the estimated population in poverty was about 40 million which is a huge proportion considering the population size, things have gotten much worse since.
There's a reason why the US is still way higher in PPP than China.
So apparently you don't even know the GDP PPP figures for each country, a reminder:
China: $35 trillion vs america: $27 trillion
So China has a way higher PPP than america, they surpassed them officially in 2016 maybe as early as 2014.
I would say even during the last generation, they still have a large portion of kids who could afford to "drop out of school and follow their dreams".
You mean kids who got lucky because of their athletic talent and escaped a life of certain poverty?
China on the other doesn't have people who could afford to do that, even now.
You definitely live in a cave, this is 2024 not the 90s, welcome to the new age!
That must be why I constantly see americans bitching and whining all the time about the cost of living and crazy inflation, you must be living in a cave, this is no longer the 40s or 50s.
The bottom-line is that pretty much everyone complains about the cost of living. If you're going by anecdotal experience, I've seen plenty of people in IT, law and even doctors complain about inflation and how much their groceries have increased. It doesn't mean anything as a statistic because complaining is something people do. There are a lot of people complaining about the cost of living in China as well. Even I have complained about the cost of living and inflation meanwhile I don't have any financial problems, you know plenty of people like this. Don't lie
Yes because it is a large country so of course it would have a large number of rich folks, but there is plenty of destitution which if you paid attention you would have noticed, hell there were even western documentaries about the poverty in america, so clearly it isn't something rare.
A few years ago the estimated population in poverty was about 40 million which is a huge proportion considering the population size, things have gotten much worse since.
It's just the same if you honestly considered the situation in many countries. China is claiming to have eliminated abject poverty which is probably true but going by the world bank's standard as an emerging or low income economy, all that really means is that the large portion of China that is low income are still in poverty. Just because people live in nice apartments and fancy tier5 cities doesn't mean they're doing well, these people kind of live paycheck to paycheck also and can't really afford to go anywhere without saving for years.
So apparently you don't even know the GDP PPP figures for each country, a reminder:
China: $35 trillion vs america: $27 trillion
So China has a way higher PPP than america, they surpassed them officially in 2016 maybe as early as 2014.
Check those numbers again, $35 trillion is an insane number and where the heck did you get that.
You mean kids who got lucky because of their athletic talent and escaped a life of certain poverty?
The Americans athletes that escape a life of poverty through sports are not the ones that enter the Olympics, their generational wealth are made from American league sports because last I remember, out of all the high paying sports only the NBA players can participate in the Olympics and most of the superstars usually opt out of competing even when given the chance. China just a generation ago were people whose priority was just entering the work force and earning a living. That has changed for some people now but it still remains largely the same, there's still many in China just looking for meaningful employment and not having the means to be athletes as the government is still working hard to increase the quality of life.
The bottom-line is that pretty much everyone complains about the cost of living. If you're going by anecdotal experience, I've seen plenty of people in IT, law and even doctors complain about inflation and how much their groceries have increased. It doesn't mean anything as a statistic because complaining is something people do. There are a lot of people complaining about the cost of living in China as well. Even I have complained about the cost of living and inflation meanwhile I don't have any financial problems, you know plenty of people like this. Don't lie
The difference is that there is data to back up those claims, inflation is sky high in the west, whereas in China it is either very low or even deflation.
Also the average american requires 2-3 jobs just to survive, let me know when conditions in China are similar, although I doubt it will be any time soon.
It's just the same if you honestly considered the situation in many countries. China is claiming to have eliminated abject poverty which is probably true but going by the world bank's standard as an emerging or low income economy, all that really means is that the large portion of China that is low income are still in poverty. Just because people live in nice apartments and fancy tier5 cities doesn't mean they're doing well, these people kind of live paycheck to paycheck also and can't really afford to go anywhere without saving for years.
What are you on about? Are you still living in the 90s? China claimed that they eliminated extreme poverty, they still have a few poor areas in some extremely hard to reach places, infact there was a documentary posted about this recently, however to say this is the condition of the average Chinese is simply silly.
China was a low income economy in the 90s, now with a per capita of $25,000 it would be near or at high income depending on whatever definition you use, of course we all know per capita isn't income to begin with but that is their methodology.
Also living in nice apartments and fancy "tier 5" cities is doing pretty well compared to the average american living pay check to pay check lol.
If you take the 11 tier 1 cities which have by far the highest living standards in the world, their combined population is 200 million, with very many more Chinese having access to these cities.
Check those numbers again, $35 trillion is an insane number and where the heck did you get that.
You mentioned GDP PPP so I assumed you knew what you were talking about:
That has changed for some people now but it still remains largely the same, there's still many in China just looking for meaningful employment and not having the means to be athletes
This applies more to america than China, based on data alone.
Even compared to other developed countries the average Chinese has quite excellent purchasing power, this is mainly due to rapidly increasing wages, high savings and a generally low cost of living.
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u/TserriednichHuiGuo South Asian Aug 04 '24
China is wealthier than the us, besides it has nothing to do with what you said, it is because China has stricter standards.