Re:For the first time, less than 10% of the world is living ...
by john_butts on Wednesday December 16, 2015 @12:12AM
(#10742515)
So poverty then. Or I don't understand your math?
[ Parent
| on HN ]
Re:For the first time, less than 10% of the world is living ...
by john_butts on Wednesday December 16, 2015 @12:28AM
(#10742564)
Like, I'm not trying to be snarky, there's a lot of conversions going on there that aren't explicated. My takeaway is that if you can buy food and little else, that's poverty, right? Or no?
Re:For the first time, less than 10% of the world is living ...
by solutionyogi on Wednesday December 16, 2015 @12:55AM
(#10742641)
I was born and brought up in India. When I was going to school in 1990, my dad used to earn around 6,000 INR / month (120$/month, exchange rate was 50 back then). We ate out probably once every few months but even then, the salary was enough to feed family of 5 and send me and my sisters to school. I think you lack the perspective on how poor India and China is.
Re:For the first time, less than 10% of the world is living ...
by areyousure on Wednesday December 16, 2015 @12:19PM
(#10745679)
This source https://en.m.wikipedia.org/wiki/Indian_rupee_exchange_rate_h... seems to suggest that the exchange rate was 1 USD < 20 INR throughout 1990. In fact, the exchange rate doesn't seem to have hit 50 until over twenty years later.
Re:For the first time, less than 10% of the world is living ...
by HeyLaughingBoy on Wednesday December 16, 2015 @05:03PM
(#10747695)
What's your point?
Re:For the first time, less than 10% of the world is living ...
by areyousure on Thursday December 17, 2015 @01:15PM
(#10753184)
It was simply a correction to the following portion: "6,000 INR / month (120$/month, exchange rate was 50 back then)". Assuming the accuracy of the salary, it appears the following is more accurate: "6,000 INR / month (300$/month, exchange rate was 20 back then)".
Re:For the first time, less than 10% of the world is living ...
by tuckerman on Wednesday December 16, 2015 @12:41AM
(#10742601)
I think this is the definition of extreme (absolute) poverty vs poverty.
Re:For the first time, less than 10% of the world is living ...
by industriousthou on Wednesday December 16, 2015 @12:59AM
(#10742654)
Oh, it's totally poverty. Just not extreme poverty.
Re:For the first time, less than 10% of the world is living ...
by witty_username on Wednesday December 16, 2015 @12:36AM
(#10742583)
Well, if you have a home and can cook food 400 Rs/day isn't too bad. (With 100 Rs you can get some vegetables more than a kilo of rice) Buying from a food stall is going to be somewhat more expensive than cooking food yourself. And food stall prices vary depending on quality of the food.
Also, poverty definitions vary.
EDIT: 400 Rs/day = 12000 Rs/month which isn't horrible.