this post was submitted on 30 Dec 2024
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[–] scarabic@lemmy.world -3 points 1 week ago (1 children)

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 7 points 1 week ago (1 children)

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

[–] scarabic@lemmy.world 1 points 1 week ago (1 children)

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 1 week ago (1 children)
[–] scarabic@lemmy.world 1 points 1 week ago (1 children)

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 1 week ago

This is adjusted for PPP, Purchasing Power Parity.