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Your point about the semi-arbitrary nature of the poverty line is good, but the figure is already inflation-adjusted. There is a general confusion on HN when it
by roymurdock 11y ago
Your point about the semi-arbitrary nature of the poverty line is good, but the figure is already inflation-adjusted. There is a general confusion on HN when it comes to real vs. nominal statistics. [1]
I find it's generally safe to assume that most of the well-respected development organizations are made up of smart people that know what they are doing and will not overlook something so fundamental as inflation, even if they do use statistics to advance their agendas from time to time.
[1] https://news.ycombinator.com/item?id=10335838 https://news.ycombinator.com/item?id=10335838
- myth_buster 11y agoI'm not questioning their intelligence just their approach. well-respected development organizations are made up of smart people that know what they are doing Well, that was the thought about the financial industry, FCC, S&P etc before 2007.
- ptaipale 11y agoWould the incentives of people working in well-respected development organisations be equally twisted to those of S&P etc before 2007? I don't think so.