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https://wir2022.wid.world/chapter-2/ https://wir2022.wid.world/chapter-2/ In figure 2.3, it shows that global inequality hasn't been lower since the 1870s, bac
by Aunche 3y ago
https://wir2022.wid.world/chapter-2/ https://wir2022.wid.world/chapter-2/
In figure 2.3, it shows that global inequality hasn't been lower since the 1870s, back when virtually all but the rich would be living in poverty by the standards of today.
- ColoursofOSINT 3y agoAny data before 1900 is an estimation [1]. > but the rich would be living in poverty by the standards of today Such a comparison is completely useless. A person today in the US in poverty is better off than a caveman. What of it? [1]: https://www.sciencedirect.com/science/article/abs/pii/S0014498311000155 https://www.sciencedirect.com/science/article/abs/pii/S00144...
- Aunche 3y agoOk. So global inequality is lower than it's ever been since it could reliably be recorded.
- ColoursofOSINT 3y agoNot necessary. You could make an argument for 2019, but COVID-19 significantly increased global inequality; in wealth and health [1-3]. [1]: https://news.un.org/en/story/2020/01/1055681 https://news.un.org/en/story/2020/01/1055681 [2]: https://www.economist.com/finance-and-economics/2022/08/02/global-inequality-is-rising-again https://www.economist.com/finance-and-economics/2022/08/02/g... [3]: https://inequality.org/facts/global-inequality/ https://inequality.org/facts/global-inequality/