Comment Re:totally normal (Score 1) 926
Latin America style, the slums are mixed in to the "high class" areas. They end up being our maids and security guards, gardeners, waiters and mechanics. Seriously, a $20 chicken breast for lunch is the norm at a restaurant - that's just for the main course. Does not include drinks or 13% tax, nor 10% gratuity. $50 if you want steak. A pizza from Pizza Hut will cost you $26, delivered. A 2 litre bottle of Coke will cost you $3 at the supermarket, more at the convenience store. A Honda Accord will set you back $50k. Land prices are crazy even in the suburbs, and people are now building vertically to offset the cost. There are 10 and 20 storey buildings everywhere when before the tallest building in the country was 12 floors.
We have all the name brands, all the big chains. I moved here 30 years ago and there was nothing. If you wanted something, you had to import it yourself. Now, I only use Amazon and order stuff from the states because I'm too lazy to go shop for stuff, but I can find anything I want. I have to pay 50% tax on everything I import - but then again so does everyone else.
Yeah, the growth has been unbelievable, and it's not cheap to live here anymore. 20 years ago I could go into one of the few "good" restaurants and have a nice steak and a beer for about 8 hours' worth of local minimum wage (maybe $5, just over an hour of minimum wage in the US at the time). Now the same meal will cost me 35 hours' of the local minimum wage - about 7 hours' minimum wage ($50) in the US. But there are restaurants everywhere.
Certainly not the foundation of an economic thesis, but I'm not joking when I say Latin America has boomed, and it's now expensive to live here.