The World's Poorest People Are Getting Richer Faster

[Efficient Frontier]

"In 1820, 94% of the world's population lived in extreme poverty. In 1990, 34.8%, and in 2015, just 9.6%."

https://humanprogress.org/article.php?p=770

[D'Lo Brown]

I went to Hyderabad (large Indian city) a few years ago for work and was floored at the abject poverty and disdain most citizens had for the members of the lowest castes and groups. Those in the higher castes are the only ones benefitting from increased wealth there.

Most individuals I interacted with (even young people) had no sympathy for the disadvantaged and no desire for anything to change. It is just how things are and have been for ages. it is more deeply ingrained than I was capable of understanding in that time.

And that was just in a big city - people are even poorer in the more rural areas.

That said, the average conditions in India are surely improving. There is rapidly increasing foreign interest and investment there. And there is at least some sentiment for electing "less corrupt" politicians, etc (in quotes because even the politicians they say are less corrupt, are still rather corrupt).

Their society is just not built for wealth to trickle down all the way. Not surprised that they are the worst offender here.

[forgetful]

"In 1820, 94% of the world's population lived in extreme poverty. In 1990, 34.8%, and in 2015, just 9.6%."

https://humanprogress.org/article.php?p=770

Not surprising that a report sponsored by the Koch brothers would choose an arbitrary cutoff to support their stances.  If you use a cutoff equivalent to $2.50 a day, which most experts refer to as abject poverty, then more people are living in extreme poverty now than they were 40 years ago (15% increase).


Almost all the improvement in the lower threshold, $1.25 per day, is due to China.

[WarriorDad]

Not surprising that a report sponsored by the Koch brothers would choose an arbitrary cutoff to support their stances.  If you use a cutoff equivalent to $2.50 a day, which most experts refer to as abject poverty, then more people are living in extreme poverty now than they were 40 years ago (15% increase).


Almost all the improvement in the lower threshold, $1.25 per day, is due to China.

Clapping!!  Good detective work on the Kochs