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RE: 3 Ways How Your Poverty Affects You In Bad Way (Featuring new author @steemist)
I bet if you adjusted that graph for the real inflation rates you would see that poverty has been increasing dramatically.
This is especially true given that accepted economic indicators are developed by political actors with an interest in showing that government policies are working to increase wealth and keep inflation at bay. A lot of the things regular people buy on a daily basis are not included in the inflation metrics, for example.
@dantheman poverty rates have fallen (adjusted for inflation), but this is far from over..hopefully, we can decrease it further quickly
However, the 20th century had WW1, WW2, and the Great Depression and so much other stuff. The NUMBER of people in poverty may have actually gone up in the 21st century though, coz of population growth and decreased mortality rates due to better health care.
I agree with your point that the number of impoverished has increased, but I have to disagree with your logic of why. A decrease in mortality rates as a function of increase in population is not a cause of poverty. The largest single cause of poverty in the world is the lack of financial prosperity due to the increase in theft (taxation, tariffs etc.) by governments and or corporations. This is just, like, my opinion ...man ...
This chart does not take into account the period in the seventies where poverty showed the steepest decline as a result of the inflation strongest increase
That's true. The graph didn't explain everything. Rates of daily required food is getting high in almost all countries. If we talk about income inequality in global world, then we still experience huge inequality too. So, it is not only about increasing their salaries, its about decreasing inflation rate just like you pointed out.
Government itself is playing with the small ones.
Absolutely. Even Europe's and America's middle-class are sliding into poverty.
bullshit. provide evidence
lol, nice response. I won't do your work for you. Do a simple search of "shrinking middle class" or "middle class income" and you'll get more evidence than you can handle. Interestingly, the upper class is still rising somewhat. But the gap is widening, with the middle class dropping overall. Here's a nugget.
https://www.washingtonpost.com/news/wonk/wp/2016/05/11/the-middle-class-is-shrinking-just-about-everywhere-in-america/
Yep! The actually number of people in poverty is increasing. The middle class has been getting smaller for 2 decades now.
provide evidence otherwise this is just a jerkcircle
I agree... as more of the world's wealth moves into the hands of a smaller number of people... poverty will rise. Those on the bottom of the economic chain carry the burden.
Yes, this... You know I let so many of these fallicious statistical arguments go, because it's too much mental energy wasted.
That's before we even get into the difference between corellation and causation (which should be taught in every primary school.)
Not to mention this graph fails to address a growing inequality, which makes GDP per capita look good (especially in developing countries) but fails to take into account that it's mainly a few rich people up top, and many poor below.
This is why I get frustrated when they talk about the economy being good or bad, but fail to specify whos economy they're talking about.
If a society is dominated by a few, using their economic prospects as a yard stick for the prosperity of a country is misleading at best, nigh on fraudulent.
Asher Edelman said it better than I can, worth a watch, even if you don't agree with the specific politics, the logic is undeniable.
You need clarification. Here is a massive one.
i dare you to challenge this
That was a fantastic 20 minutes. Thank you for sharing that, and thank you for representing your perspectives so well. You're a benefit to society.
@dantheman
No, You are wrong. They are adjusted for inflation.
No need to be a pessimist for the sake of being a pessimist. Also, do provide your evidence next time.
I think Dan is right here. Interestingly the 70s saw the dollar strong devaluation which coincide with the strong inflation and poverty decline seen in Kyriacos chart