4 ms·

It doesn't seem like this chart takes inflation of the $ into account either, making it irrelevant over time. $1.25 was a lot more valuable even 30 years ago th

• harryh 11y ago
  It does, in fact, take inflation into account. As well as purchasing power parity (PPP) across countries.
  • sankho 11y ago
    Yeah I see "PPP" in the picture but nowhere is there an explanation of how they accounted and adjusted for inflation on a yearly basis. A link to the actual study would be a lot more informative. At any rate it doesn't address the moral concerns brought up in the article.
    • harryh 11y ago
      http://www.vox.com/2015/8/13/9145467/extreme-poverty-global-poverty http://www.vox.com/2015/8/13/9145467/extreme-poverty-global-...
      • sankho 11y ago
        no mention of inflation in your link, only PPP. The article author also goes on to state that this isn't enough / as meaningful as you're making it out to be... "And making sure everyone's making at least $1.25 a day isn't the end of the fight either. The world's median income is still only $3 to $4 a day. By comparison, the poverty line in the US for a family of four is $16.61 per person per day. Once under-$1.25-a-day poverty is eradicated, the world needs to set about eradicating under-$15-a-day poverty, which will be a substantially harder task."
  • deleted 11y ago
    [deleted]