3 ms·
That's not a redefinition: when I was a kid, the definition of abject/extreme poverty was $1/day — inflation adjusted, that's the same amount. Also, when I was
by ben_w 1y ago
That's not a redefinition: when I was a kid, the definition of abject/extreme poverty was $1/day — inflation adjusted, that's the same amount.
Also, when I was I was born the entire country of China had a GDP/capita of about $6.10/day in 2011 dollars: https://ourworldindata.org/grapher/gdp-per-capita-maddison-project-database?tab=line&time=1950..latest&country=~CHN&mapSelect=~CHN https://ourworldindata.org/grapher/gdp-per-capita-maddison-p...
When it comes to the distribution, the best I know how to reach for is the Gini coefficient, on which measure China is better than the USA and worse than Germany: https://ourworldindata.org/grapher/economic-inequality-gini-index?tab=line&country=CHN~USA~DEU https://ourworldindata.org/grapher/economic-inequality-gini-...
There's also this chart, but I don't know what search term I would use to describe it: https://ourworldindata.org/explorers/poverty-explorer?Indicator=Share+in+poverty&Poverty+line=Multiple+lines&Household+survey+data+type=Show+data+from+both+income+and+consumption+surveys&Show+breaks+between+less+comparable+surveys=false&country=~CHN https://ourworldindata.org/explorers/poverty-explorer?Indica... (note this chart is in 2021 dollars, the first one is in 2011 dollars)