Re:The Geography of U.S. Inequality
by astazangasta on Tuesday September 06, 2016 @11:01AM
(#12436472)
Yeah, I didn't think that out very carefully, obviously exponential growth at any substantial rate would have that kind of effect. The perils of composing text in the loo. My main point still stands, though...
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I don't think it does to be honest. Income growth for the world's poorest has been astonishing over the last several decades. The gains are very real and very meaningful.
Re:The Geography of U.S. Inequality
by astazangasta on Tuesday September 06, 2016 @11:17AM
(#12436600)
In what terms are they "very meaningful"? There are still hundreds of millions of people living in slums in cities around the world; if these people now survive on $2 instead of $1, why is this "very meaningful"?
What are you talking about? The difference between $2 and $1 is extremely meaningful. $1 a day means that you can barely afford enough rice to survive, at $2 you can start diversify your food and maybe save up for better clothes.