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China/Xi cut their definition of 'poverty' in half: To make this claim, the Chinese government uses a poverty line of about $2.25 a day, in 2011 prices and adj
by readonthegoapp 5y ago
China/Xi cut their definition of 'poverty' in half:
To make this claim, the Chinese government uses a poverty line of about $2.25 a day, in 2011 prices and adjusting for purchasing power. The World Bank believes ...For upper-middle-income countries like China, it reckons that a reasonable poverty line is $5.50 a day.
https://www.brookings.edu/blog/future-development/2021/01/25/deep-sixing-poverty-in-china/ https://www.brookings.edu/blog/future-development/2021/01/25...
China is also into forced relocation, forced labor, etc.
This information, to me, makes the China-automation evidence largely irrelevant in this discussion.
And, small but not insignificant point, a lot of our labor also went south to Mexico, not overseas. Not sure what the percentages are.