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Yes of course we do, poverty has been consistently driven down over the last 100 years. It's driven down by increase economic activity, would imagine that's pre
by Guthur 6y ago
Yes of course we do, poverty has been consistently driven down over the last 100 years. It's driven down by increase economic activity, would imagine that's pretty obvious by now.
- robert_foss 6y agoEconomic activity, ie. labor productivity has increased 252.9% since 1950, but pay has only increased 115.6%[1]. The wealthy and especially the very wealthy have prospered[2], and those doing manual labor have been left behind. In a society like the US with very low social mobility[3], colloquially referred to as 'the american dream', it is especially crippling to ones future to be born in blue collar family. [1] https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ [2] https://www.epi.org/publication/decades-of-rising-economic-inequality-in-the-u-s-testimony-before-the-u-s-house-of-representatives-ways-and-means-committee/ https://www.epi.org/publication/decades-of-rising-economic-i... [3] https://en.wikipedia.org/wiki/Global_Social_Mobility_Index https://en.wikipedia.org/wiki/Global_Social_Mobility_Index
- andromeduck 6y agoThat's an infamously bad study. https://www.reddit.com/r/badeconomics/comments/6rtoh4/productivity_pay_gap_in_epi_we_trust/ https://www.reddit.com/r/badeconomics/comments/6rtoh4/produc...
- robert_foss 6y agoThere are other studies showing the same picture. http://www.oecd.org/economy/decoupling-of-wages-from-productivity/ http://www.oecd.org/economy/decoupling-of-wages-from-product... https://www.epi.org/publication/understanding-the-historic-divergence-between-productivity-and-a-typical-workers-pay-why-it-matters-and-why-its-real/ https://www.epi.org/publication/understanding-the-historic-d...
- deleted 6y ago[deleted]
- cousin_it 6y agoYour second link seems to confirm the main point of the Reddit post, about median vs top workers.
- andromeduck 6y agohttps://economicsfromthetopdown.com/2020/01/17/debunking-the-productivity-pay-gap/ https://economicsfromthetopdown.com/2020/01/17/debunking-the...
- ahelwer 6y agoYou've been posting this link all over the thread. Reddit posts exist somewhere on the credibility continuum between facebook posts and some random person's blog.
- okthenletssee 6y agoA couple of billion people have also been added to the workforce at the same time.
- tsimionescu 6y agoNo, poverty is at the same level or worse in most of the world compared to 100 years ago. It is only significantly better in China, and somewhat more generally in south-east Asia. Not to mention, we have little data on actual poverty in 1920, as many of the un-industrialized nations had large proportions of their populations living off the land in ways that did not contribute to GDP, but where they nevertheless wouldn't have been considered poor. It's also important to remember that scientific racism was a majority position in many European and American countries, and much of the data we have was collected through that lens.
- sethammons 6y agoThat doesn’t jibe with these videos from Hans Rosling: https://youtu.be/jbkSRLYSojo https://youtu.be/jbkSRLYSojo https://youtu.be/hVimVzgtD6w https://youtu.be/hVimVzgtD6w
- tsimionescu 6y agoHere are some critiques of the famous poverty graphs: https://www.jasonhickel.org/blog/2019/2/3/pinker-and-global-poverty https://www.jasonhickel.org/blog/2019/2/3/pinker-and-global-...
- sethammons 6y agoI read your link. Did you watch the videos? The criticisms in the paper you linked accurately state things like GDP != poverty and the best measures start in 1981. There are many ways to measure things. Yes, we are missing good data. But we have others and all the data aligns. People are doing better. In the videos, they are about life expectancy, child mortality, average income, and gdp. Things are looking better all the time. Yes, bad things are happening. But the trends are in the right direction.