The cheapest hostel in Paris I found on Hostelworld was $35 per night, or around $1000 per month. Given that the median global income is somewhere around $10k per annum, a Parisian hostel seems to qualify.
Is well known to everyone that there are plenty of people living long term in hostel, especially the people who made someone else millions in profit, because they consider it a really suitable long term solution where you can live comfortably.
But ya, I was the idiot to think that hostel are instead short term accomodations for students / travelers / disadvantaged people (in very few instances) that are willing to sacrifice part of their freedom (like is also well known to everyone that sleeping every night with strangers in your room is a great thing) to have more cash to travel from place to place (or to put together their life)
Today I learned that there are a lot of people living long term in the hostel just because is great!
Also why are you comparing the global situation while we're talking about Paris here? Mystery
My furnished, air-conditioned apartment in the heart of Bangkok was less than that, even including the internet and utilities charges. It was 20 stories up with a nice view and a balcony with a washer on it.