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this post was submitted on 28 Apr 2025
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chapotraphouse
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An I dumb or is this the sort of thing that is explained away with an exchange rate? How long would an average Chinese worker have to work to earn 4.9 RMB?
My back-of-the-envelope math says it somewhere around 30 minutes of minimum wage (minimum, most are making more than that). A shitty 40 of beer in the USA can be as cheap as $3, which is also around 30 minutes of minimum wage (but most people are making more than that). That's still a little less than 1.5L, but it's as close to an apples-to-apples comparison as you can get.
This does demonstrate the vast difference in PPP between US and Chinese goods. Beer is definitely part of the "basket of goods" that you can get for a much cheaper price in China.
Yeah that's what my math gives too - if you factor in the alcohol content difference between this and a 40 of malt liquor it seems to shake out pretty similarly.