I don’t think that’s actually true. Have the metrics for what we consider poverty changed and adapted with inflation and the perfecting of corporate wealth hoarding? “Poverty” is an ambiguous term, and relative poverty is real. That doesn’t show in a standard-line “poverty” metric. What was considered “extreme poverty” is the lowest, but that’s people living on under $1.90/day. I couldn’t even find information on that metric being updated to reflect the current high inflation and profit-explosion landscape.
Also: if you technically pull people out of poverty by outsourcing to the lowest paying, least labor regulated parts of the world, is the fact that extreme poverty went away in those areas even a good thing?
I don’t think that’s actually true. Have the metrics for what we consider poverty changed and adapted with inflation and the perfecting of corporate wealth hoarding? “Poverty” is an ambiguous term, and relative poverty is real. That doesn’t show in a standard-line “poverty” metric. What was considered “extreme poverty” is the lowest, but that’s people living on under $1.90/day. I couldn’t even find information on that metric being updated to reflect the current high inflation and profit-explosion landscape.
Also: if you technically pull people out of poverty by outsourcing to the lowest paying, least labor regulated parts of the world, is the fact that extreme poverty went away in those areas even a good thing?
Check out Factfulness by Hans Rosling