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>This sounds like bit of column one and column two. On one hand, poverty by income in USD must assume that the world's economy had globalized enough, such that,
by gruez 2y ago
>This sounds like bit of column one and column two. On one hand, poverty by income in USD must assume that the world's economy had globalized enough, such that, there can be no such locations on Earth as where $0.01 pays Michelin star lunch for dozen healthy adults. That's going to completely break premises of this metric.
Poverty levels are measured with PPP dollars, so that's already factored in.
- Retric 2y agoSomewhat, nationwide PPP dollars suggest incomes in San Francisco and Boise Idaho are equivalent. India and China have similar regional differences.
- gruez 2y agoThat's only an issue if you use nationwide metrics to make local comparisons (eg. are new yorkers richer than people in Kolkata?), but if you're comparing the entire country it's fine.
- Retric 2y agoIf the goal is to measure things operating at the individual level like poverty then internal differences matter even when comparing countries. People living in Alaska are a lot poorer than their income suggests because of shipping and heating costs.