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"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* co
by 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.