3 ms·
The chart says it's "adjusted for inflation and for differences in the cost of living between countries."
by verteu 3y ago
The chart says it's "adjusted for inflation and for differences in the cost of living between countries."
- pphysch 3y agoThat doesn't matter if it ignores the qualitative differences between having shelter+food vs. not having shelter+food.
- somenameforme 3y agoIts adjustments lead it to still claim that > 99% of India, Indonesia, Philippines are all in "extreme poverty", that > 90% of Thailand and China are, that 84% of Russia is and so on. Those are not remotely realistic figures.
- consilient 3y agoYou're looking at the chart for "ordinary" poverty, which they've pegged at $30 equivalent per day. Their threshold for extreme poverty is $2.15/day.
- rayiner 3y agoI don’t know how they’re adjusting for cost of living, but that’s not even a good definition of “ordinary poverty.” As of 2011, Pew defined $10 PPP dollars as the middle income threshold. 10-15% of Bangladeshis have a car—but according to the chart, 99.5% are in poverty.
- fnordpiglet 3y agoI’m only familiar with Thailand if those countries, and $30/day is roughly $900/month, or 27000 baht per month in Thailand. That’s a pretty good income. I would bet the vast majority of people make less than that. Seems legit.