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When rent in city center of a T2 city is 300 USD, a meal costs 1USD, and bus/subway fare 14 cents, its easier to make ends meet.
Even per capita with PPP, China is only $29k. By the same measure, the US is $60k.
Your numbers don't match reality on the ground. You add up rent, transportation, utilities, food, childcare, "healthcare" and its a much higher fraction of your income in America
Are you familiar with purchasing power parity? It is a measure that specifically takes into account local costs of rent, transportation, food, etc. Check it out --> https://en.wikipedia.org/wiki/Purchasing_power_parity
Your numbers do not match reality, I've lived in both places. Idk, maybe they're making bad assumptions like that americans have cheaper food options than reality. Come over here and see, subway fares are 14 cents, meals 1-8 USD, rent is <500 outside Shanghai snd Beijing, you can get an x-ray and doctors consult for like 6 bucks.
Compare that to a 250/mo car payment, 8-20 USD meals, and then rent and healthcare, and its clear your model is flawed or has bad numbers.
These are not my numbers. They come both from the IMF and the World Bank. Chinese GDP per capita PPP is only $29k. By the same measure, the US is $60k. You don't have to believe it. Yes, China is cheap, but low prices produce low incomes to those selling their goods and services.
And I am telling you the predictions made by your model don't match observed reality.