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> In this table, poverty is being measured as the percent of the population falling below one half of a particular country’s median household income. That is a
by thunderbird120 3y ago
> In this table, poverty is being measured as the percent of the population falling below one half of a particular country’s median household income.
That is a measure of income inequality... not poverty.
Here is a measure of inflation adjusted household income over time for to address the original point[1].
People are not getting poorer
[1]https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N
- LapsangGuzzler 3y ago> That is a measure of income inequality... not poverty. Same thing? What is a measure of poverty if not a measure of income inequality? The concept of poverty categorizes people who do not earn enough to live in society. How are these different?
- chii 3y ago> The concept of poverty categorizes people who do not earn enough to live in society no, the concept of poverty is one where a person is dying due to a lack of basic necessities such as food, shelter. Everything else is not required, such as luxuries etc. It's just that as a country gets richer, what some people consider as basic necessities seems to expand - it has now become a basic necessity to have electricity, internet, transport - things that a hundred years ago, would've been considered the realms of the aristocracy. The distance to median income is not a measure of poverty, but a measure of how far you are from the typical person in said country - a relative measure. An absolute measure of poverty is caloric intake, access to water and shelter.
- thunderbird120 3y agoMaterial poverty is an absolute measure, not a relative one. A country in which 100% of people earn exactly $1 a day is not somehow less poor than the United States