Venkatesh Rao@vgr·Nov 18, 2018Hypothesis: the most expensive thing the median global poor person buys these days is a smartphone. Up from bicycle or TV or cheap <100cc moped. Middle class still begins at refrigerator globally I think.1525
Venkatesh Rao@vgrReplying to @blakemcdowallThat’s middle class. Bottom 3b still a ways away from it.6:02 AM · Nov 18, 20181 Like