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Poverty has indeed been decreasing most places, but your framing is very misleading. Half of the people on earth still live on less than $7/day in 2017 PPP doll
by dahart 2y ago
Poverty has indeed been decreasing most places, but your framing is very misleading. Half of the people on earth still live on less than $7/day in 2017 PPP dollars, and they are not universally connected or supercomputing. Over 8% of the global population is still below the $2.15/day PPP threshold that defines “extreme poverty”, which means it’s not enough money to purchase enough food to survive, literally still dying from starvation. Note that’s around twice the population of the US. https://blogs.worldbank.org/en/opendata/march-2023-global-poverty-update-world-bank-challenge-estimating-poverty-pandemic https://blogs.worldbank.org/en/opendata/march-2023-global-po...
- matwood 2y agoI'm not disagreeing with you that people are definitely struggling, but it's hard to see numbers like what you present w/o also numbers on what it cost to live per day. Is it an extreme case of CA vs WV or is it like someone making $7/day living in CA?
- dahart 2y agoThis isn’t primarily the US, this is global extreme poverty, and right now for example, it’s bad in Southern Asia, and sub-Saharan Africa, among one or two other places the UN & World Bank talk about. > w/o also numbers on what it cost to live per day. This is what “PPP” is all about, that’s referring to a normalized purchasing power parity that is specifically designed to help you understand what $7/day actually means: it means what you think it does, and it is supposed to compare directly to the amount of money it costs you to feed yourself every day. https://en.wikipedia.org/wiki/Purchasing_power_parity https://en.wikipedia.org/wiki/Purchasing_power_parity