Beijing plans to hand out $6 a month to low-income families to help offset the cost of food, per BI.
The handouts are slated to start at the end of February and are expected to be granted to over 300,000 people, per BI.
Several people on WeChat said the subsidy should be 40 yuan a day instead of a month, which would translate to roughly 1,200 yuan — or about $175 — a month.
On a related note, American workers are earning just 12 cents more now than in the 1970s.
When adjusted for inflation, wages have remained virtually unchanged over the last 50 years, with workers today earning just 12 cents more than they did in 1972. And with inflation at its highest since 1971, Americans are feeling the pain of slow wage growth. Two-thirds of American workers said that inflation has outpaced any salary gains made in the past year.
Inflation is at historic 40 year highs.
Read more: https://unusualwhales.com/news/american-workers-are-earning-just-12-cents-more-now-than-in-the-1970s
Beijing plans to hand out $6 a month to low-income families to help offset the cost of food
2/23/2023
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