4 ms·
Top 1% worldwide is not a great statistic. In many US cities that is just above poverty due to CoL at ~32k.
by CryoLogic 9y ago
Top 1% worldwide is not a great statistic. In many US cities that is just above poverty due to CoL at ~32k.
- inerte 9y agoIs there a better one instead? Or is it useless to measure global inequality and weatlh accumulation? Is there a local/national/global threshold that would make you concerned?
- Axsuul 9y agoThere should also be 0.5 and 0.9 quantiles since just knowing the 0.99 doesn't really say too much about the overall distribution.
- pkaye 9y agoI think quality of life also plays a role. If you live in the bay area and make $100k but live in a cramped appt with 2 others and a long commute while someone in the midwest makes $50k but owns a spacious house and a low traffic commute, who is really better off?
- dredmorbius 9y agoPoverty is relative to local cost levels and living standards. It's the level at which, within your local market, essentials of life are not attainable.