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<blockquote data-quote="me2cool" data-source="post: 27177240" data-attributes="member: 396331"><p>I'm not sure about GT's logic here.</p><p>In shops like Keels, they estimate the demand for all items and set the supply accordingly. An empty rack doesn't mean a million more people want to buy them. Same logic applies to luxury kitchen sets and what's not.</p><p></p><p>Some stats from 2019. I'm sure figures are higher in 2021, but the proportions should stay. </p><p>[ATTACH=full]153855[/ATTACH]</p><p></p><p>If you earn around 120K per month, then you are richer than 90% of the population. (source: <a href="http://www.statistics.gov.lk/IncomeAndExpenditure/StaticalInformation/HouseholdIncomeandExpenditureSurvey2019FinalResults" target="_blank">http://www.statistics.gov.lk/IncomeAndExpenditure/StaticalInformation/HouseholdIncomeandExpenditureSurvey2019FinalResults</a>)</p><p></p><p>The interesting part is the last decile. Richest 10% (2 million people) has the mean income of 276K. Would be interesting to see how this distributes over those 2 million. My gut feeling is if you earn 500K per month, you are richer than 99% of the population ( meaning there would be around 250K people who might earn more than you)</p></blockquote><p></p>
[QUOTE="me2cool, post: 27177240, member: 396331"] I'm not sure about GT's logic here. In shops like Keels, they estimate the demand for all items and set the supply accordingly. An empty rack doesn't mean a million more people want to buy them. Same logic applies to luxury kitchen sets and what's not. Some stats from 2019. I'm sure figures are higher in 2021, but the proportions should stay. [ATTACH type="full"]153855[/ATTACH] If you earn around 120K per month, then you are richer than 90% of the population. (source: [URL]http://www.statistics.gov.lk/IncomeAndExpenditure/StaticalInformation/HouseholdIncomeandExpenditureSurvey2019FinalResults[/URL]) The interesting part is the last decile. Richest 10% (2 million people) has the mean income of 276K. Would be interesting to see how this distributes over those 2 million. My gut feeling is if you earn 500K per month, you are richer than 99% of the population ( meaning there would be around 250K people who might earn more than you) [/QUOTE]
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