112
submitted 6 days ago by schizoidman@lemm.ee to c/worldnews@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] scarabic@lemmy.world -3 points 5 days ago

While it’s good data to see, I’m always suspicious of celebrating the fact that people have gone from earning $2 per day to $5 per day as “eradicating poverty.”

[-] Cowbee@lemmy.ml 10 points 5 days ago

You can check the real wages and purchasing power parity, moreover more than doubling earnings is a large feat.

[-] scarabic@lemmy.world 1 points 3 days ago

Could you point out the purchasing power data? It’s a 93 page report and I don’t see any heading on that in the table of contents.

[-] Cowbee@lemmy.ml 2 points 3 days ago
[-] scarabic@lemmy.world 1 points 3 days ago

Line go up. But that appears to be a GDP graph, not a chart of purchasing power. Am I missing something?

[-] Cowbee@lemmy.ml 2 points 3 days ago

This is adjusted for PPP, Purchasing Power Parity.

this post was submitted on 30 Dec 2024
112 points (95.9% liked)

World News

32566 readers
705 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS