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Comments on: Junk Bonds http://www.beta.frontlineclub.com/junk_bonds/ Championing Independent Journalism Tue, 04 Sep 2012 14:49:13 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Rob Crilly http://www.beta.frontlineclub.com/junk_bonds/#comment-1662 Fri, 21 Aug 2009 16:53:13 +0000 http://www.beta.frontlineclub.com/dev/?p=4053#comment-1662 Yes, it certainly shows the limitations of using the arithmetic mean to measure life in a country like Kenya where there is such a massive difference between rich and poor. The presence of a small elite and a growing middle class hides the true poverty that most people experience when you are just considering this particular measure

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By: Richard Trillo http://www.beta.frontlineclub.com/junk_bonds/#comment-1661 Fri, 21 Aug 2009 16:44:57 +0000 http://www.beta.frontlineclub.com/dev/?p=4053#comment-1661 Hmm, interesting, thanks for sharing this Rob. It’s good to see journalists making that kind of comparison.
But actually I’m sure it’s much worse than that. The Times piece makes it seem as if Kenyans frequently go out for a burger when in fact most people have no paid employment at all, and will never go to a takeaway.
They’re missing so much of course. . . but you take my point.
Richard
Incidentally, the idea that the average Japanese burger-eater is earning only 12.5 x the average Kenyan (or maybe Nairobian) makes things seem a lot less troubling than they are. The £2 Big Mac, or equivalent, is probably going to take most Kenyans who have jobs a day or more to earn, not 2.5hrs.

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