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> “Poverty is only now starting to decline” More like: progress has been made at extreme poverty ($1.90/day) and now we can upgrade our expectations to start t
by Isamu 5y ago
> “Poverty is only now starting to decline”
More like: progress has been made at extreme poverty ($1.90/day) and now we can upgrade our expectations to start to address basic poverty ($30/day).
- aszen 5y agoFolks 30 usd a day isn't basic poverty at all, it's what i used to earn as a software developer for some time. It's a pretty decent amount in a third world country
- ahahahahah 5y agoThat's right. That's why they are talking about PPP dollars, not USD. Read more here: https://www.worldbank.org/en/programs/icp/brief/poverty-ppps https://www.worldbank.org/en/programs/icp/brief/poverty-ppps
- goodpoint 5y ago"extreme poverty" is a very arbitrary threshold and some charts are using a fixed threshold that is based on purchasing power and not updated based of *real* cost of life compared to what goods and services are enjoyed by less poor people. Furthermore, inequality is actually rapidly increasing in many societies. Yet, one can cherry-pick an arbitrary threshold making the whole analysis profoundly misleading.
- gruez 5y ago>that does not updated based of real cost of life Does being adjusted for PPP not do that?
- hkt 5y agoPPP is designed precisely to allow fair comparisons. The article refers to it as "international dollars". It is important to note it did not refer to USD anywhere: it is talking about $30PPP per day, which in real currency is a wildly variable amount but which buys approximately the same things. Without understanding the distinction between PPP and USD, it is not possible to fully comprehend the article.