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Is there any inflationary effect to the $1.25/day figure that has been used since the 1980s? It's not clear from the article whether it's adjusted for inflation.
I'm a bit confused about that as well. What's worse is that the background papers that the world bank website references seem to all 404: http://web.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTRESEARCH/...
Is there any inflationary effect to the $1.25/day figure that has been used since the 1980s? It's not clear from the article whether it's adjusted for inflation.
Earlier quoted context omitted.
American progressives can be just as guilty, if less organized. They tend to view big business with suspicion and incorrectly think that the American government is hopelessly corrupt and in the pocket of "Big Business and/or Wall Street".
When money buys political speech, I don't think you can call the other side "just as guilty".
It always fascinates me how much my world view and the world view of those around me is based on the exceptional and not the mundane. The news outlets report the news assuming that the audience knows what's normal. When the news is used to become informed about the world many people come away with a skewed impression of reality. I am of the opinion that people would be better served by news reports that provide context to explain why the news is in fact news.
Here's some context I find interesting:
According to the CDC:
Americans murdered per year: 16,121
Americans killed in car accidents per year: 33,804
Americans killed by smoking related diseases per year: 480,000
http://www.cdc.gov/nchs/fastats/homicide.htm http://www.cdc.gov/nchs/fastats/accidental-injury.htm http://www.cdc.gov/tobacco/data_statistics/fact_sheets/fast_...
This journalistic impulse to sell the world as worse than it is will not end because a single journalist caught a quick (and likely fleeting) guilty conscience. It will continue until the profession recognizes that their addiction to narrative harms the entire population.
The journalists aren't the ones with the addiction; it is their readers that have the addiction.
Another big secret, is that the source of a lot of poverty being lifted is because of China. That's right, that terribly communist government suppressing its people and free speech, is actually responsible for lifting 500 million people out of poverty over the last 30 years. That is definitely a big secret of american media, and something that it neglects to report on, in favor of free speech violations, naval exerci…
Perhaps American sentiment is based on China's hundreds of years of bad policy relegating those same millions of people to extreme poverty? [edit: it might be more fair to say decades here, if you believe we can only attribute "policy" to the Communist Party]
I believe it's more accurate to say that the American sentiment is derived from China being a rising world power ideologically backed by Communism, and an actual threat to America's dominance (by some methods, China's GDP has exceeded the U.S. already). As a Chinese American (I've lived in the U.S. all my life), it concerns me that American media shows such an insanely biased and untruthful view of China. Growing anti-Chinese sentiment is not a good thing for me, or my future children.
I actually find it ironic that we Americans believe that the Chinese population believes in false state communist propaganda, but in reality, we suffer from it ourselves, just from free corporate backed media instead.
Is there any inflationary effect to the $1.25/day figure that has been used since the 1980s? It's not clear from the article whether it's adjusted for inflation.
So yes, it does account for inflation, assuming equal inflation across whatever basket of goods was chosen as the reference point for PPP.
It's really weird to me how commonplace the attitude of "It is what it is" and "Government can't do anything". The air and water quality in the US is vastly better since the passage of laws that created and empowered the EPA (Created by the Republican President Nixon). The endangered species act has had many similar successes. I live on Maui. The waters are now filled with Green Sea Turtles and Humpback whales that w…
What are you referencing in regards to poverty? I would have guessed that the recent reduction in poverty is largely attributable to wealthy nations reducing efforts to centrally plan the economies of poor nations.
"Reducing" is technically correct, even in China. But China still has a command economy in housing, infrastructure, telecommunication, transportation, etc., and is still run by a big 'C' Communist Party. That's where the uplift happened, and it needs to be explained in terms of local conditions.
Is there any inflationary effect to the $1.25/day figure that has been used since the 1980s? It's not clear from the article whether it's adjusted for inflation.
I came here to ask the same thing. Taking in consideration they use the US$1.25/day measurement since 1981 [1], today this value should be US$3.28/day [2] (based on US inflation between 1981 and 2015). Given that, I'd love to know the real value. Maybe it is still a positive perspective, but I think it'd be more realistic (or, at least, accurate). :-) [1] http://iresearch.worldbank.org/PovcalNet/index.htm?1 [2] http:…