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Discussion and Debate
Discussion and Debate
Physical & Life Sciences
Are we Nearing "The Age of Plenty?" and Possible Ramifications
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<blockquote data-quote="FrumiousBandersnatch" data-source="post: 73734593" data-attributes="member: 241055"><p>That's an interesting graphic, and it shows considerable improvement (although around 20% to 30% 'extreme poverty' is still a lot of people). It's not clear how those figures are calculated (e.g. if the 1.90$ per day figure is adjusted for inflation, for official or local exchange rate, etc). However, from that, it does look as if have-nots will eventually become haves by some official measure...</p><p></p><p>Thanks - it looks like I may have been overly pessimistic!</p><p></p><p>In the UK, poverty is usually defined as having less than 60% of median income, which is good in as much as it ensures some attention will always be focused on helping the least well off 'out of poverty', but not so good in as much as popular opinion may eventually cease to see it as what most regard as 'true' poverty (e.g. absolute poverty), so that the seriously impoverished may get relatively less attention. It's a tricky business...</p></blockquote><p></p>
[QUOTE="FrumiousBandersnatch, post: 73734593, member: 241055"] That's an interesting graphic, and it shows considerable improvement (although around 20% to 30% 'extreme poverty' is still a lot of people). It's not clear how those figures are calculated (e.g. if the 1.90$ per day figure is adjusted for inflation, for official or local exchange rate, etc). However, from that, it does look as if have-nots will eventually become haves by some official measure... Thanks - it looks like I may have been overly pessimistic! In the UK, poverty is usually defined as having less than 60% of median income, which is good in as much as it ensures some attention will always be focused on helping the least well off 'out of poverty', but not so good in as much as popular opinion may eventually cease to see it as what most regard as 'true' poverty (e.g. absolute poverty), so that the seriously impoverished may get relatively less attention. It's a tricky business... [/QUOTE]
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Are we Nearing "The Age of Plenty?" and Possible Ramifications
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