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> only absolute poverty is relevant. No it isn't. Cost of living matters. Impoverished people in richer countries have, to a limited extent, some advantage f
by tomjakubowski 5y ago
> only absolute poverty is relevant.
No it isn't. Cost of living matters.
Impoverished people in richer countries have, to a limited extent, some advantage from increased capital investment in their vicinity (e.g. in theory, on average, better local infrastructure than in absolutely poorer countries). They are still crushed by living expenses.