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It seems like the more meaningful advance in society has been to increase the quality of life of poor people, not to move more of them above some arbitrary cuto
by karaterobot 5y ago
It seems like the more meaningful advance in society has been to increase the quality of life of poor people, not to move more of them above some arbitrary cutoff. I'm talking about life expectancy, access to shelter, food, medical care, entertainment, educational and career opportunities. If the definition of poverty is that you live off less than the (adjusted) $30/day cutoff, who here would choose to live that way in 1820 Sweden, compared to 2020 Sweden? Anybody? If so, how is that a useful way to compare poverty over time?
- pchangr 5y agoI encourage you to read his old article https://ourworldindata.org/extreme-poverty-in-brief https://ourworldindata.org/extreme-poverty-in-brief in which he talks about the cutout and what he did to minimize the effect. (He adjusts per purchasing power through time and location)