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

submitted 2 days ago by professionalspooner@feddit.org to c/optimistsunite@reddthat.com

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

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[-] LiamTheBox@lemmy.ml 1 points 2 days ago

Not adjusted to inflation and modern wages

[-] dumnonii@piefed.social 8 points 2 days ago* (last edited 2 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)

this post was submitted on 07 Mar 2025

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