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Cake day: January 29th, 2025

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  • @Cowbee@lemmy.ml

    Have you now found a fabricated data pretending that “wages for working people have skyrocketed” in China? The most important thing in your comment is that you share an image, but not the link.

    To help you out:

    Between the 1980s and to the mid-2020s,

    • the bottom-50%'s share of China’s wealth has decreased from 16% to 6%
    • the bottom-50%'s share of China’s income has decreased from 25% to 13%

    In the same period,

    • the top-1%'s share of China’s wealth has increased from 15% to more than 30%
    • the top-1% share of China’s income has increased from 6% to 16%

    China’s richest 10% now own almost 70% of the countries wealth, and they earn 44% of the income.

    Inequality levels in China are equal to those in the United States in the meantime.

    In European countries and other democracies like Australia, New Zealand, and Canada, the inequality is much lower.

    You can look up the data here.

    The situation in China gets worse, as the county’s gig economy nears half the workforce while worker protections lag behind. There is ample evidence for that.