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That headline is a fine example of nicely crafted bullshit, and so is the content it pretends confirms it. GDP and average income do not measure poverty. If an
by oblib 5y ago
That headline is a fine example of nicely crafted bullshit, and so is the content it pretends confirms it.
GDP and average income do not measure poverty. If anything they obscure it.
- missedthecue 5y agoThe article is using neither GDP or average income to arrive at its conclusion
- oblib 5y agoFrom the article: "India’s average income has increased by 7.5 percent per year." "A similar trend can be seen in Nigeria. Since the new millennium, gross domestic income per capita has increased by over 800 percent, from $270 to over $2,450." Neither of those reflect what average working class folks make. Do the math to average the yearly income where one person is making $1Billion a year and the other 1000 are making $1,000 a year. In this case the "average income" is a $1Million a year. That's why it's bullshit.