Optimists Unite

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Optimists Unite Here

We are living in an age of unprecedented wealth, with millions entering the middle class every year. Homo sapiens live longer lifespans than ever before, with better nutrition, and better medicine than ever in our history. This is also the most peaceful time in our history, with record lows in crime and wars. The developing world is surging in wealth and in the west we have more opportunity and access to information than ever.

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Extreme poverty dropped from 44% of the global population in 1981 to just 9% in 2019. (feddit.org)

submitted 3 days ago by [email protected] to c/[email protected]

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https://vincentarmentano.com/research/hpf/howpovertyfell.pdf

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[–] [email protected] -5 points 3 days ago (2 children)

Not adjusted to inflation and modern wages

[–] [email protected] 8 points 3 days ago* (last edited 3 days ago)

They actually did adjust for inflation.

We study poverty in the now-conventional sense of living on less than $2.15 per day in 2017 PPP dollars (World Bank, 2023), using both consumption- and income-based measures as available.

1 These rates are based on the $2.15 2017 PPP poverty line (Chen and Ravallion, 2010; World Bank, 2023). See https://pip.worldbank.org/

https://vincentarmentano.com/research/hpf/howpovertyfell.pdf (Bottom of 2nd page)