Also, most industrialized economies don't really have absolute poverty: anyone who is poor has the right to social benefits to alleviate it, to provide the basics of food, clothing and housing (as well as other basics such as education).
So for example, in Germany, we talk about poverty being on the increase. But that is relative poverty, meaning a certain percentage of the average. So we can "increase" poverty by simply improving GDP w/o raising the bottom as much as the increase in GDP.
Define "we". World-wide, "we" are doing an absolutely amazing job of eliminating poverty.
https://ourworldindata.org/wp-content/uploads/2013/05/World-...
https://ourworldindata.org/extreme-poverty
Also, most industrialized economies don't really have absolute poverty: anyone who is poor has the right to social benefits to alleviate it, to provide the basics of food, clothing and housing (as well as other basics such as education).
So for example, in Germany, we talk about poverty being on the increase. But that is relative poverty, meaning a certain percentage of the average. So we can "increase" poverty by simply improving GDP w/o raising the bottom as much as the increase in GDP.