4 ms·

Like, I'm not trying to be snarky, there's a lot of conversions going on there that aren't explicated. My takeaway is that if you can buy food and little else,

Like, I'm not trying to be snarky, there's a lot of conversions going on there that aren't explicated. My takeaway is that if you can buy food and little else, that's poverty, right? Or no?

industriousthou 11y ago
Oh, it's totally poverty. Just not extreme poverty.
witty_username 11y ago
Well, if you have a home and can cook food 400 Rs/day isn't too bad. (With 100 Rs you can get some vegetables more than a kilo of rice) Buying from a food stall is going to be somewhat more expensive than cooking food yourself. And food stall prices vary depending on quality of the food. Also, poverty definitions vary. EDIT: 400 Rs/day = 12000 Rs/month which isn't horrible.
isolate 11y ago
I think the emphasis is on the word "extreme", kind of like critically endangered vs. just endangered for wildlife.
tuckerman 11y ago
I think this is the definition of extreme (absolute) poverty vs poverty. http://www.un.org/documents/ga/conf166/aconf166-9.htm http://www.un.org/documents/ga/conf166/aconf166-9.htm
solutionyogi 11y ago
I was born and brought up in India. When I was going to school in 1990, my dad used to earn around 6,000 INR / month (120$/month, exchange rate was 50 back then). We ate out probably once every few months but even then, the salary was enough to feed family of 5 and send me and my sisters to school. I think you lack the perspective on how poor India and China is.
- areyousure 11y ago
  This source https://en.m.wikipedia.org/wiki/Indian_rupee_exchange_rate_history https://en.m.wikipedia.org/wiki/Indian_rupee_exchange_rate_h... seems to suggest that the exchange rate was 1 USD < 20 INR throughout 1990. In fact, the exchange rate doesn't seem to have hit 50 until over twenty years later.
  - HeyLaughingBoy 11y ago
    What's your point?
    - areyousure 11y ago
      It was simply a correction to the following portion: "6,000 INR / month (120$/month, exchange rate was 50 back then)". Assuming the accuracy of the salary, it appears the following is more accurate: "6,000 INR / month (300$/month, exchange rate was 20 back then)".

Like, I'm not trying to be snarky, there's a lot of conversions going on there that aren't explicated. My takeaway is that if you can buy food and little else, that's poverty, right? Or no?

industriousthou 11y ago

Oh, it's totally poverty. Just not extreme poverty.

witty_username 11y ago

Well, if you have a home and can cook food 400 Rs/day isn't too bad. (With 100 Rs you can get some vegetables more than a kilo of rice) Buying from a food stall is going to be somewhat more expensive than cooking food yourself. And food stall prices vary depending on quality of the food. Also, poverty definitions vary. EDIT: 400 Rs/day = 12000 Rs/month which isn't horrible.

isolate 11y ago

I think the emphasis is on the word "extreme", kind of like critically endangered vs. just endangered for wildlife.

tuckerman 11y ago

I think this is the definition of extreme (absolute) poverty vs poverty. http://www.un.org/documents/ga/conf166/aconf166-9.htm http://www.un.org/documents/ga/conf166/aconf166-9.htm

solutionyogi 11y ago

I was born and brought up in India. When I was going to school in 1990, my dad used to earn around 6,000 INR / month (120$/month, exchange rate was 50 back then). We ate out probably once every few months but even then, the salary was enough to feed family of 5 and send me and my sisters to school. I think you lack the perspective on how poor India and China is.

areyousure 11y ago
This source https://en.m.wikipedia.org/wiki/Indian_rupee_exchange_rate_history https://en.m.wikipedia.org/wiki/Indian_rupee_exchange_rate_h... seems to suggest that the exchange rate was 1 USD < 20 INR throughout 1990. In fact, the exchange rate doesn't seem to have hit 50 until over twenty years later.
- HeyLaughingBoy 11y ago
  What's your point?
  - areyousure 11y ago
    It was simply a correction to the following portion: "6,000 INR / month (120$/month, exchange rate was 50 back then)". Assuming the accuracy of the salary, it appears the following is more accurate: "6,000 INR / month (300$/month, exchange rate was 20 back then)".