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In reply to the discussion: Yes, poor people have color TVs [View all]Recursion
(56,582 posts)5. Globally the "1%" line starts at about $30K
But you said it perfectly:
Well, yes, if you could live on a U.S. poverty wage and pay Third World prices, you would seem rich.
Bingo. On a US minimum wage you could live like a king in India (not in Mumbai or Delhi, probably, but in one of the smaller cities). But the people making a minimum wage in the US don't live in India, they live in US cities and towns where they can't go get a kilo of vegetables for less than a dollar.
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I grew up with a black and white TV perched precariously on another, non-working, TV
Recursion
Nov 2013
#12
Well how are exceptional Americans going to measure success if everyone has the same consumer goods?
NYC_SKP
Nov 2013
#4
lolololol... exactly, NYC_SKP. I think that's a big chunk of it right there, my friend! spot ON!
Divine Discontent
Nov 2013
#14
I can proudly say I've still never bought a flat screen. Still working with the 32" CRT
Pretzel_Warrior
Nov 2013
#16
In the '60s when TouchTone and color telephones were introduced, they sold well in poor areas
FarCenter
Nov 2013
#42
The digital converter tuner boxes are readily available for cheap at flea markets and thrift stores
Fumesucker
Nov 2013
#55
Just this morning I followed a Facebook link to a video of a 1982 news story
Lydia Leftcoast
Nov 2013
#49