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> The standard of living for the bottom half of the developed world has arguably declined in the past few decades. In the last 5 years or so, due to inflation a
by judofyr 4y ago
> The standard of living for the bottom half of the developed world has arguably declined in the past few decades. In the last 5 years or so, due to inflation and Covid, more people have fallen into extreme poverty.
What’s the source for this? It was my understanding (e.g. from the poverty line) that there’s been significant improvements also in the last few decades.
- coding123 4y agoThe source for this is on the street man.
- tinyspacewizard 4y agoI laughed, but also The World Bank
- acover 4y agoIf you look up real wages in the USA it's been flat or negative for everyone but the top 4% for 40 years.
- boxed 4y agoWe were talking about the WORLD. Not the US. The WORLD has seen enormous improvements. Much larger than the backslide the US has experienced.